BITCOIN - Most Likely Will Rise Despite the FUD

2022年7月25日

Bitcoin will follow the Markets:

The busiest week of the year for investors is here.

(finance.yahoo.com/news/fed-tech-...)A jam-packed week of market-moving developments awaits traders in the coming days, headlined by the Fed, tech earnings , and key economic data.

The Federal Reserve's latest policy meeting is set to take place this coming Tuesday and Wednesday, July 26-27, with the central bank expected to raise interest rates another 75 basis points.

On the earnings side, some of the S&P 500’s most heavily-weighted components — including Microsoft ( MSFT ), Alphabet ( GOOGL ), Meta Platforms ( FB ), Apple ( AAPL ), and Amazon ( AMZN ) — are among more than 170 companies scheduled to report second-quarter results through Friday.

Also in the spotlight will be Thursday's advance estimate of second quarter GDP as market participants continue to debate whether a recession is already underway. Economists expect this report to show the U.S. economy grew at an annualized pace of 0.5% last quarter, according to estimates from Bloomberg.

Professor says:
- Slightly Positive GDP expected. That means: NO RECESSION announced! 💹
-Rate Hikes are NOT expected to go to even 4% (CME projections for end of 2023!) ✅

Overall, no FUD! Maybe even time to buy but wait for charts because remember:

CHARTS DON'T LIE! 🙏💹

- Support on Professor's EMA
- Support at mid of ascending channel
- Above 20k psychological mark
-Never stayed below 20k for long

One Love,

the FXPROFESSOR🦉💙