The rise in interest rates is at +0.75% as analysts expected and the president of the FED is positive on this rise to bring inflation down to 2%
- The rate announcement by the fed president: https://youtu.be/ukFnKCtptX4?t=3686
- More details: https://tradingeconomics.com/united-states/interest-rate
Half an hour after the announcement, the BTC did a clearing in both directions to stabilize in the middle of a H4 candle which looks like a trap of shorts and longs at the same time, the only thing I can conclude that this news has been priced already, now it remains to see how the market will act!
The 30m candle which opened at 8 p.m. and closed at 8:30 p.m. did a good job of cleaning up traders with large levers who wanted to anticipate the announcement.
I think the degen traders have imagined that the market will do the same thing as last time after the inflation announcement when the price fell directly after the announcement. The market is driven by liquidity and it will go where it happens!
Now cleaning at 20K for short stops and 18.5K for long stops,
BTC continues its decline at the bottom of the key zone between 19K and 19.3K in correlation with the S&P 500
https://www.tradingview.com/x/tHizlKOp/
The S&P 500 did the same as the BTC or we can say that the BTC followed the S&P 500.
The S&P 500 is moving down sharply towards the next support at 3720.
As usual the strongest trend that it wins by putting aside the volatility on small times framel
https://www.tradingview.com/x/YPmmN6UE/
👉 Follow the links below to the best & Secured Exchanges that I use for trading & often gives rewards for using their platform like Learn & Earn Program, making deposit & Trading on spot or Futures, Trading Competition, ...etc.
📈 Bybit: Get up to 4030 USDT in rewards just by signing up!
https://www.bybit.com/app/register?ref=7Wgmj
📈 Binance: 10% discount on Binance Futures trading fees!
https://www.binance.com/en/futures/ref/38451215
📈 FTX: Sign Up Bonus of 5% fee discount on all your trades.
https://ftx.com/referrals#a=1768923
📈 Phemex: Up to $180 in welcome bonuses waiting for you.
https://phemex.com/register?group=718&referralCode=BAR9K
📈 Kucoin: Rewards for users Up to 10 million USDT
https://www.kucoin.com/ucenter/signup?rcode=Kvyf2d
📈 Bitmex: Up to 80 BMEX Tokens Welcome Offer.
https://www.bitmex.com/app/register/xXePh3
