๐ฅ The Fed Just Sent a Clear Message
Fed officials Beth Hammack and Austan Goolsbee made one thing clear:
Inflation is still the bigger problem โ not jobs.$BTC
Energy prices are rising again due to tensions around Iran, and despite a softer job market, the Fed is still focused on keeping inflation under control. Some officials are even hinting that rates may stay higher for longer instead of cutting soon.
๐ My take:
This type of narrative usually puts pressure on risk assets.
When the Federal Reserve focuses on fighting inflation over supporting growth, liquidity tightens โ and historically thatโs not ideal for crypto in the short term.
$BTC outlook:
Short term we could see a pullback toward $66Kโ$67K, with a possible quick test of $65K if the hawkish tone continues.
The recent bounce was supported by easing geopolitical fears, but this Fed commentary could bring the market back to reality for a bit.$BTC
This is the kind of moment that separates weak hands from patient traders.
Who else is feeling the macro pressure right now? ๐
