3 min read


Cryptic ball: that or walmart.

As bitcoin dipped back into June's range during this Tuesday's daily close and as this Wednesday's FOMC press conference approaches, traders are getting increasingly nervous. How should you prepare for the potential volatility ahead?

  • To begin, note BTC is already 15% down in the past seven days, with ether falling 20% since Sunday's failed breakout. However, the interesting thing is that ether hasn't yet fallen to June's range, like BTC did.
  • While this means ether has more space to fall in the event of adverse market conditions, it could also hint at how other cryptoassets can recover once, and if, traders feel more confident after Powell speaks this afternoon.
  • At 18h UTC, 23h30 IST, the meeting statement will be released and the press conference will take place shortly after. By now, the market has priced out the chance of a very aggressive 100bps hike, so 75bps is the expectation.
  • That's also an aggressive hike but everyone is counting on it, so the impact shouldn't be negative. Conversely, what can move the markets are any particular remarks from the Fed's chair while answering the press.
  • Let's see how that goes and have in mind what the famous investor Mike Green says, shared in today's three things: that the Fed's hikes will wreck much needed investment while failing to stop inflation, hence the Fed should pivot.

As always, the question is when. And getting clues regarding that key answer is what I'll be looking for in the prepared statements and in the press conference. Until then, I'm expecting muted trading. After it, I'm not expecting a pump - yet!

Chart art: that or nasdaq.

This is why I must keep talking about macro.

Three things: that or no pivot.

Tweet tip: that or a pump.

Apple's earnings come out this Thursday. I don't expect them to be bad.

Meme moment: that or a newborn.

At least one can rest better during winter, right?

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of the guidance in the report will lead to any particular outcome or result.