Institutional Crypto Research Written by Experts
July 12, 2024 | Read Online | | Should You Buy Bitcoin Before the Fed's September Rate Cut? Institutional Crypto Research Written by Experts |
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| | 👇1-13) Last week, we predicted a rally in Bitcoin leading up to the U.S. inflation announcement, expecting inflation to decline. Our pre-CPI report, however, cautioned that any post-CPI spike in Bitcoin would be short-lived, and indeed, Bitcoin surged briefly before selling off. This occurred despite the probability of a September rate cut exceeding 90%. | 👇2-13) To succeed in financial markets, you must bet against consensus and be right. Most traders anticipated lower inflation this time, leading to a fleeting post-CPI rally. Another crucial trading concept is recognizing when conditions shift from awful to less bad (1) or from less good to awful (2). Significant gains can be made in the former scenario, while substantial losses occur in the latter. | 👇3-13) Currently, selling pressure from the German government is easing, and Bitcoin appears technically oversold. ETFs are buying the dip, and the Fed is expected to cut interest rates soon, providing the liquidity support many have anticipated. | Should you consider buying Bitcoin before the September rate cuts, assuming inflation will drop? | |  | Subscribe to Premium Membership to read the rest. | Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content. | | A subscription gets you: | ✓ Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week). | ✓ In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape. | ✓ Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts. | ✓ Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co)) |
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