$📢 #PowellWatch — Why does this matter to us, beginners on Binance?
When the president of the FED (Jerome Powell) talks about interest rates and inflation in the US, the cryptocurrency market reacts immediately! ⚡
🔻 If he talks about raising interest rates → Bitcoin and other cryptos may drop.
🔺 If he talks about lowering or maintaining interest rates → cryptos may rise.
💡 Beginner's tip:
Avoid trading during these moments if you lack experience.
Observe the charts and learn from the movements.
Use stop-loss to protect your assets.
➡️ In summary: following #PowellWatch is understanding how FED decisions influence the crypto market within Binance.
