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Big news tonight—the Federal Reserve interest rate decision arrives at 2:00 AM!
Even in today’s early session, the forecast still says a rebound is coming in the evening—so you can hold your long positions from last night securely.
This is where the profits show up;
After the rate decision lands, it’ll be a globally observed Labor Day, followed by another wave of traditional finance being shut down worldwide—this is the moment when the crypto market takes center stage and dances alone.
This week, there have been some small positive hints about the US-Iran conflict, so there’s still a market opportunity to look forward to during the May Day holiday!
The thing that will be most affected by tonight’s rate decision is actually the U.S. Dollar Index—the focus for FX players—followed by gold, and then crude oil, and only after that comes the crypto market;
So if, before the decision is finalized, BTC continues to hold steady above 77,500, then needle-like spike volatility is very likely to increase; if it finishes an early pullback test of support first, then after it lands, the probability of pushing upward to continue challenging and testing the resistance level is higher—about the crash below support that many people are expecting to break out of, based on my current judgment, I don’t really agree with that!
#Federal Reserve interest rate decision coming soon