Friends, hello everyone!
Today we will consider the next events of the week of the CRYPTO market.
CRYPTO
Traditionally,opens an overview of one of your favorite charts,related to the blockchain. This segment is trading in the lower range. Expectations for this week: break this week's low and move to a new low (more decline). After that, there will be a return to the current levels or, which is also possible, a slight rise. It is worth buying short positions, long ones will be too risky. Any growth and rebound can be considered as a sale.
With regards to expectations for bitcoin - there isthe likelihood of growth and easy stability (before the Fed meeting). Inflation will grow, expectations for interest rates and monetary tightening will grow, and, accordingly, money will become more expensive. Speculative assets, which include bitcoin, will be observed in the outflow of capital. So, the correction will continue. Active savings in bitcoin do not make sense due to the high volatility of the currency. We have not reached the final spurt in the fall (expected in the next quarter).
This week's review is over.
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