This week was supposed to be volatile due to the FOMC, but things weren't as volatile as I expected. From the current market conditions, the effect of the news will take a few more days to be reflected in the market. I expect 113k to be raided before we see price get to 118k But in a way I feel the market could prove me wrong and head for 118k next without raiding 113k.
What's your take on the current market situation?
FOMC already priced in, everybody know they gonna cut rate so thing aren't volatile because the buying has been happening even before the recent announcement.
That's the thing, people nowadays speculate about FOMC so the effect of the announcement isn't as great as before.
Probably gonna go to $113k at some point since liquidation is huge, don't know when though.