source avatarKaran Singh Arora

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The most volatile days of September are coming. Market got rekt yesterday after the jobs report came in way hotter than expected. It just pushed odds of a Fed rate HIKE up to 60% $BTC and Gold both dumped hard because high yields are pulling big money into bonds instead of risk assets. $BTC reclaimed $82k two days ago, looked strong... then got dumped on and trapped everyone who bought the breakout. The CPI data will be released on Sept 11, the most crucial data before the FOMC. If inflation comes higher than expected with a strong jobs report market may give a major correction instantly. But if inflation comes in lower than expected, things may get more confusing and even trap some traders with fake bullish sentiment. Sept has historically been $BTC's worst month, where the avg return ranges between -2% to -19%. We're still green on the month for now, but odds are stacking up bearish fast. Liquidity tends to thin out right before big data drops, so fakeouts on both sides are more likely than normal, so don't trust the first move. My advice for the traders: - be extremely careful while trading - don't force trade if you're not confident enough - take a break from trading if needed It's always better to control your fomo, than to lose your months of hard work.

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