In case you missed the memo, here's the easy breakdown of how to make money in the crypto market.
The most recent CPI data brought US inflation in at above 8%, which will trigger an overzealous response from the Federal Reserve. That response will be to raise interest rates, which tightens the money supply. This is bad for crypto.
The Fed is basically the only buyer in the market right now, and the entire market depends on the interest rate they set. If the rate goes up, crypto goes down. If they lower the rate, crypto goes up. That's it. No more difficult than that.
We will be trading lower in the next few months with a possible small bounce if the Fed doesn't raise rates as much as everyone expects (0.75-1%) in its next meeting.
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