The Wolf Of Few Streets
The Wolf Of Few Streets 1 minutes reading from Bitcoin

Market Traders Actively Cautiously Ahead of November’s Rates Decision

In The market now everyone is acting cautiously due to the release of inflation data tomorrow (November 1, 14:00 a.m.) and the interest rate decision the day after tomorrow (November 3, 18:00 a.m.).

1/4 btc crypto

Investors have already priced in a 0.75 basis point decision. Rumors are different, up to the fact that the Fed may raise the rate at this meeting by 0.5. 2/4

Technically, a test of the 22800 level looks logical. But if the dovish sentiment wins and the rate will be released at 0.5, we can easily overcome this level and go higher. 3/4

Until the release of inflation data tomorrow, I do not expect sharp movements on the market. 4/4

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This post is based on this twitter thread.

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