Sidetrader

$ETH Heavy Warning ⚠️ Early this morning, the Fed's interest rate decision is about to drop, and this is the last key press conference during Powell's term. With inflation staying resilient and oil prices on the rise, the likelihood of holding rates steady this time is quite high, but hawkish rhetoric is heating up, hinting at possible rate hikes and tighter policies in the future. Tonight's market is bound to see some serious volatility, especially on the charts, where the bearish trend is likely to explode. The crypto space could be on the brink of a bear market, with significant waterfall risks looming. It’s crucial to strictly manage your positions, go with the flow, and avoid holding against the trend hoping for a rebound. This press conference might set the tone for mid to long-term downward movement, so traders need to keep a close watch and prepare for adequate risk management. Trading Advice: Consider shorting in the 77000-76800 range in batches. Target price range: 76000-75000. #BhutanTransfers102BTC #BTCDropsBelow$77K