MAY 05, 2025 — MONDAY AM
The Fed is on deck this week, with the FOMC statement, rate decision, and press conference on Wednesday. This means Monday and Tuesday this week could be mostly the market finding an early range to trade within ahead of the news Wednesday. The markets have developed good short term bullish trends, with bulls defending pullbacks along the way. But will Fed news change this later this week? Gold is showing big strength already this week, which could be the beginning of the next wave of strength to new upside targets, like 3600. BTC remains strength, bulls need to keep 90k bid. ETH has developed a 2-week compression, which could lead to a nice breakout move ahead.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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