🇺🇸 US PPI rises to 3.4%, higher than expectations
#PPI #Fed #TradingCommunity #coinquest #USFebruaryPPISurgedSurprisingly
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CoinQuest
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🚨 High Volatility Alert Market Moving Today 🚨
Today is one of the most important days of the month as multiple major data releases are coming and the market is expected to show strong volatility especially in the evening session
If you trade during news time there is a high chance of getting stopped out or even liquidated because the market does not move clean and often shows sudden spikes and manipulation
Today we are not looking at just one data but multiple key events including PPI Core PPI and most importantly the interest rate decision from the Federal Reserve during the FOMC Meeting
Whenever Jerome Powell speaks the market reacts aggressively with sudden pumps and dumps which often trap traders
If inflation related data comes lower than forecast it is generally bullish for the market but if it comes higher it can create bearish pressure
Most economists expect that there will be no rate cut in this meeting and historically when rate cuts do not happen the market tends to behave in a more manipulative and unstable way
In many cases after the FOMC meeting the market gives a sudden pump to trap traders and then slowly starts dumping this pattern has been seen multiple times
Right now Bitcoin is trading around the 74k area and the next move will depend heavily on the data and especially Powell speech where inflation and global conditions may also be discussed
All major data will be released in the evening and night so be prepared
At this time the best approach is to avoid unnecessary trades manage your risk properly and wait for the market to settle before taking clear entries
If Bitcoin gives a pump after the data then a sell side entry can be planned with proper confirmation
Stay patient avoid overtrading and focus on clean setups NFA 🚨
#FOMC #JeromePowell #Fed #PPI #SECClarifiesCryptoClassification
Today is one of the most important days of the month as multiple major data releases are coming and the market is expected to show strong volatility especially in the evening session
If you trade during news time there is a high chance of getting stopped out or even liquidated because the market does not move clean and often shows sudden spikes and manipulation
Today we are not looking at just one data but multiple key events including PPI Core PPI and most importantly the interest rate decision from the Federal Reserve during the FOMC Meeting
Whenever Jerome Powell speaks the market reacts aggressively with sudden pumps and dumps which often trap traders
If inflation related data comes lower than forecast it is generally bullish for the market but if it comes higher it can create bearish pressure
Most economists expect that there will be no rate cut in this meeting and historically when rate cuts do not happen the market tends to behave in a more manipulative and unstable way
In many cases after the FOMC meeting the market gives a sudden pump to trap traders and then slowly starts dumping this pattern has been seen multiple times
Right now Bitcoin is trading around the 74k area and the next move will depend heavily on the data and especially Powell speech where inflation and global conditions may also be discussed
All major data will be released in the evening and night so be prepared
At this time the best approach is to avoid unnecessary trades manage your risk properly and wait for the market to settle before taking clear entries
If Bitcoin gives a pump after the data then a sell side entry can be planned with proper confirmation
Stay patient avoid overtrading and focus on clean setups NFA 🚨
#FOMC #JeromePowell #Fed #PPI #SECClarifiesCryptoClassification
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.