Date: 2023-07-26T21:30:36Z Creator: Bitfolio Academy
The mighty Federal Reserve has flexed its muscles, pushing the interest rates up by a quarter point today. The bar is now set at the loftiest height seen in over two decades!
But, the markets took this move on the chin, and didn’t even blink. The formidable S&P 500 defied gravity and held its ground, staying as flat as a pancake. Meanwhile, the NASDAQ only dipped a tad; just under half a percent.
Now, here’s where things ignite! Bitcoin and Ethereum rocketed skywards with a rallying cry, each boasting a 1% growth today.
Diving deep into the daily chart, Ethereum threw us for a twist with a sell signal that arose yesterday. The 12-hour chart reveals it’s been in the sell zone since Saturday.
Stay tuned and keep your seatbelts fastened!
Let me know in the comments. 🤔
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Sharing lessons on crypto as I try to minimize risks and shorten time horizons 📈
Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
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