Jerome Powell, chairman of the U.S. Federal Reserve (Fed), said he wants to keep interest rates higher than expected to combat high inflation.
According to data from the Chicago Mercantile Exchange (CME) options exchange, the market expects the Fed to not cut rates until May of next year.
Let's wait for the Fed's statement tomorrow to see the market's reaction.
1.Multi-frame analysis
D1 frame - compare volume of 12/08 and 12/09
The candle on 12/09 is small, but the volume is more than 50% compared to the previous day. This proves a strong correction to 40k.
H4 frame:
It has created an uptrend and at the same time two rising peaks appeared, making it more likely that the D frame will adjust to 40k.
H1 frame:
A pinbar...
BlackRock estimates that private institutions around the world are currently holding over $4 trillion in cash.
This number is nearly triple the current market capitalization of the crypto market.
There is still a lot of money out there, the key is where it will flow.
As for where the hottest financial market is right now, you guys already know
Every candle on the market reflects the psychology of the crowd of investors.
After a bear market that lasted for more than a year, I believe that we have entered the "Hope" phase and the market will always have adjustments to make those who participate "Lose Hope".
These adjustments can be deep enough to make the temporary losses in your account large enough to...
