The main thing in any financial market is to understand its price movement based on the news and other economical conditions. Whether it could be any market Stock, Crypto, Forex, Commodity or any other market.

All is dependent on the news and the whales movement. Or we could say that market is being moved by the whales following the news which could be insider or on the spot news.

Just like few days ago, a single speech of Powell shaken all the financial markets. He only indicated that the rate will cut but its not promised, that was the news and we see huge movement in the market.

He is still not promising about the FED rate cut, but we see the market pumped and all the coins gained by 10%. Bitcoin moved 4% in just 15 minutes. This is how the news have great impact on the market.

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The news are more impacted on Crypto market because its high volatile as compared to other markets. That is why we must have eye on news and other global issues which have highly impact on this market.

As of today, the market is again red and what could be the main reason? That was the whale who trapped the retailers. Once they pushed retailers to buy they start selling and again Bitcoin and other alts bleed.

The main reason is that Jerome Powell only expected that the price will cut but not promised. That was the one face of the news which pushed the price upside and the other face was not in favor of market.

All those who understood about this must have booked huge profits. But those who are never interested in news and other global issues are now sitting at huge losses.

This is how this market is manipulated. Now, what will be the next price prediction? September will be the FED news and is more likely that the rate will cut which indicates bullish market.

4-5 days ago before the FED announcement, its better to take your positions because the price will pump again (Not a financial advice). I hope the post will be informative to you guACys.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.