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On September 21st, US President Trump again called on European countries to "stop buying" Russian oil, claiming this would further pressure Putin to end the Russia-Ukraine conflict. In a dinner speech at Mount Vernon, Virginia, Trump stated, "European countries are still buying oil from Russia—that shouldnt be happening, right?" This marked his latest day of accusing European allies of energy procurement. Following a meeting with British Prime Minister Starmer on Thursday, Trump expressed his willingness to increase economic pressure on Moscow, but only if those he supports do not also buy Russian oil. Trump, on the spot, pressured US Ambassador to NATO Whitaker, "They have to stop buying Russian oil. Ambassador Whitaker wont allow this to continue for much longer." Faced with the stalemate in the Russia-Ukraine conflict, Trump reiterated his disappointment with Putin, emphasizing that "with just a little more tightening of oil price controls, the war will be over."On September 21st, Zhuhai was forecast to experience continued rainfall, with occasional heavy rain accompanied by brief periods of strong winds and thunderstorms, due to the northward movement of thunderstorm clouds from the sea. The Zhuhai Meteorological Observatory issued a city-wide yellow warning for heavy rain at 8:10 a.m. on September 21st. A yellow warning for thunderstorms and strong winds remains in effect. The Zhuhai Flood Control and Flood Prevention Headquarters has immediately activated a Level IV emergency response for flood control (rainstorm prevention). Please take precautions. Furthermore, considering the potential severe impact of Typhoon No. 18, "Halal," on Zhuhai, the Zhuhai Flood Control and Flood Prevention Headquarters has decided to activate a Level IV emergency response for wind prevention starting at 10:30 p.m. on September 20th. The Zhuhai Meteorological Observatory predicts that from the 21st to the 23rd, Zhuhai will be primarily affected by the typhoons outer periphery, resulting in sunny and hot weather with highs reaching 35°C. However, strong winds and heavy rain will occur from the night of the 23rd to the 25th.September 21st news: On the morning of September 21st, the Hong Kong Observatory issued a yellow rainstorm warning.US President Trump: Action will be taken soon on Chicagos crime problem.On September 21, Trump threatened that "bad things" would happen if Afghanistan did not return control of Bagram Air Base to the United States. When asked whether he would send US troops to retake the base, Trump refused to answer directly, saying: "Were not going to talk about that." "Were negotiating with Afghanistan right now, we want to take it back, we want to take it back as soon as possible, right away. If they dont do it, you know what Im going to do." He told reporters at the White House.

BTC Fear & Greed Index Falls to 31 as Investor Focus Shifts to the Fed

Skylar Shaw

Oct 31, 2022 15:42

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Bitcoin (BTC) decreased by 0.89% on Sunday. BTC concluded the week up 5.42% to $20,647, partially undoing a Saturday gain of 1.08%. Notably, BTC avoided trading below $20,000 for the fifth day in a row and ended the day above $20,000 for the sixth straight session.


After a choppy morning, BTC increased to a high of $20,950 in the middle of the trading day. A late low of $20,532 was reached by BTC as it failed to reach the First Major Resistance Level (R1) at $21,091. Before partially regaining its footing to reach $20,647, BTC momentarily breached the First Major Support Level (S1) at $20,576.


In anticipation of a busy week for the global financial markets, investors had a calm day to lock in gains. The Fed announces its decision on interest rates this coming Wednesday. The Fed's intentions for December remain unclear, despite the markets' bets for a 75-basis point rate increase.


The bullish week was fueled by anticipation of a Fed turnaround in December. The markets, however, could see investor concern prior to the Wednesday decision. The sensitivity of the cryptocurrency market to US economic data and the Fed maintains the BTC link with the NASDAQ 100.


The NASDAQ 100 Mini was down 56.75 points this morning, pushing BTC into negative territory.

Investor caution increases ahead of the Fed, causing the Fear & Greed Index to decline.


The Fear & Greed Index dropped from 34/100 to 31/100 this morning. Investor apprehension ahead of the FOMC interest rate decision and press conference on Wednesday is reflected in the decline. A return of the Index to the Neutral area would be supported by confirmation of the Fed's shift in December.


As investors wait for the Fed to announce its policy, US economic statistics will continue to be the major focus in the near term. Prior to Wednesday's decision, important statistics include JOLTs job postings, ADP nonfarm employment, and ISM Manufacturing PMI data.


To support a reversal of the negative trend in BTC, the Index will need to hit 40/100 and the neutral zone. A decline to below 20/100 would indicate a BTC decline to below $18,000.

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