A great and effective event is going to be announced today and that is FED news. FED chairman will speech today and will announce about the rate cuts.
The market will react along with this news. More probably heavy bull is coming because there is more chance of rate cuts. You will notice that as the speech starts the market will react and all crypto coins will start rising.
This is in case if news is positive but if rate is not cut then market will react negatively which has least possibility.
You can see that #Bitcoin is continuously going upside and reached $94K. These are insider news where they are continuosly buying or you can say the best time for traders to book huge profits.
What they do? they start buying 2 days before at discounted rates. At the time of news announcement they stary selling. You may have noticed that sometimes even after the news is positive market is still bearish and the coins are down.
The main reason is selling pressure. They sell the news and in this way traders book their profit. Long term investors will see its impact in long term.
Therefore, FED news will be announced today. Brace yourself, be safe from market volatility.
What do you people think about this news? Will the rate cut? Will be glad to see your answers in the comment section.
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IMAGE TAKEN FROM PEAKDAI
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