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#Fed Officials Signal Rate Cut
Signals from the Fed have eased the market a bit, but we haven't seen a clear rise in crypto.
The reaction on the exchange side was stronger.
Nasdaq has started to stir again, especially with expectations of an interest rate cut.
What happened?
Several Federal Reserve officials said, "inflation has slowed enough, a rate cut could be considered in September."
This is not a clear promise of a cut, but it clearly shows that the hawkish tone has been moved away from.
On the crypto side, especially BTC and ETH responded to this statement first with volume and then with sideways movement.
What Do We See on the Technical Side?
– BTC is attempting to hold above $114,000
– ETH is around $3,760, creating small trading opportunities.
- Altcoins are still progressing quite selectively.
Volume is low, but some projects are seriously building a base.
What am I doing?
The Fed changing its tone means that we will have a more comfortable environment for trading in the coming weeks.
I have closed my short positions right now, but I haven't rushed into long.
I want to see more confirmations.
Do you think this is just a change of rhetoric, or will we really see a major breakthrough in September?