Signals from Powell and what to expect for the crypto market

Here are some of the most important quotes that I want to highlight from Powell’s speech:

SIZE OF FEBRUARY RATE HIKE WILL DEPEND ON INCOMING DATA

POWELL

ECONOMY HAS SLOWED SIGNIFICANTLY FROM LAST YEAR’S PACE

POWELL

WE ANTICIPATE THAT ONGOING HIKES WILL BE NECESSARY TO BECOME SUFFICIENTLY RESTRICTIVE

POWELL

WE REQUIRE SIGNIFICANTLY MORE EVIDENCE OF LOWER INFLATION

POWELL

THE HISTORICAL RECORD STRONGLY WARNS AGAINST PREMATURE LOOSENING

POWELL

NO RATE CUTS UNTIL CONFIDENT INFLATION MOVING TOWARD 2%

POWELL

RATE-HIKE SPEED IS NO LONGER THE MOST IMPORTANT QUESTION

POWELL

SIZE OF FEBRUARY RATE HIKE WILL DEPEND ON INCOMING DATA

POWELL

AFTER MOVING SO QUICKLY, WE BELIEVE IT IS APPROPRIATE TO SLOW THE PACE OF RATE HIKES

POWELL

Judging by the reaction of the market, investors did not draw anything new for themselves and everything remained approximately at the same level. But the fact that the Fed is not the biggest irritant for the market is already a fact, the rates are already priced, and to start the recovery, it remains to wait for the improvement of fundamental factors in the crypto market itself.

From the middle of the channel, I continue to wait for growth to the 18500 area.

BTCUSDT 1D

End of the post

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