Surge for Fed Rate Decision Talk Mean Say Crypto Market Get Risk
Based on Santiment report, social media tori about di upcoming Fed rate decision don shoot reach di highest point for 11 months. Normally, such big talks about Fed rate decision—especially when dem dey talk am for better things like rate cut—fit mean say di market fit reach local top because of too much hope. Dis quick increase for sentiment fit be warning signal for crypto market, where Bitcoin, Ether and altcoin price fit fall small. Traders suppose dey watch sentiment levels and on-chain indicators well-well, 'cause too much hope for Fed rate decision fit cause short-term gbege and mean say market fit change direction.
Bearish
The surge for social media gist about Fed rate decision na classic warning wey pure sentiment drive. Santiment historical data dey show say when talk on one kind optimistic story like rate cuts reach to e peak, markets dey usually reach local highs then dey reverse. The current spike dey signal say people too dey optimistic, e fit make Bitcoin, Ether, and other altcoins short-term drop. Traders fit face plenty wahala from price waka up and down plus dem need prepare for price correction as sentiment go cool. For long term, market direction go depend on real Fed policy result plus macro indicator, but immediate effect na bearish adjustment.