🌍 General Market & Regulatory Context
Macro Events: Pay close attention to major economic announcements, particularly FOMC decisions (Federal Open Market Committee on interest rates) in the US, as these often correlate with increased crypto market volatility.
Global Regulation: New rules, such as South Korea's proposal to impose bank-level liability on crypto exchanges, can impact exchange operational costs and consumer trust, which in turn influences trading activity.
Market Sentiment: Current analysis suggests a period of consolidation (tight trading range) for both BTC and ETH heading into the year-end, with traders potentially waiting for new macro signals before making major moves.
In summary, as a trader, you must track:
BTC ETF Flows: For immediate institutional demand.
ETH Upgrade Success: For long-term network utility and demand.$ETH $BTC #
Macro/Regulatory Announcements: For systemic risk and liquidity changes. #BTCVSGOLD #BinanceBlockchainWeek #CPIWatch