📊 Crypto Market: A Week Worth Its Weight in Gold. All Eyes on the Fed!
The market is currently frozen in anticipation of the key event of the week — the Fed meeting (December 10). This decision and the subsequent press conference by Powell will determine the short-term movement of assets.
Key Points:
📉 Fed Rate: A rate cut is already almost priced in (probability 85%). However, Powell's hawkish rhetoric may lead to a temporary test of the lows.
🗣️ Powell's Rhetoric: It is expected that the Fed chair will avoid clear guidance or mention the lack of fresh labor market data, which is set to be released on December 16. This "watering down" may reduce volatility.
🇯🇵 Japan's Economy: The unexpected contraction of Japan's GDP in Q3 is a strong argument for rate cuts worldwide, which is a positive for cryptocurrency.
💡 Bullish Signal: The numbers $BTC and $ETH on exchanges have reached extremely low levels! ETH has only 8.7% of the total supply on exchanges — this is a historical minimum since 2015, indicating long-term investor sentiment and cold storage.
Despite potential short-term fluctuations, fundamental signals suggest that "not everything is so bad".
