Chainlink (LINK) price is not on the right spot of the chart after the Fed rate decision from Wednesday. A break of the triple top would have been ideal as now bulls seem to have lost interest and morale, and a decline in search of support could be at hand. Expect the ECB to be the catalyst and push price action back to $6.50.
Bitcoin options market data reveals an underlying bullish bias. There is a higher demand for calls versus puts, this can be interpreted as a positive sign for BTC price. Market participants expect a continuation of Bitcoin’s uptrend in February 2023.
Shiba Inu (SHIB) price is set to take a step back after bulls were not keen to trade the Fed rate decision. Markets were stoked with a bullish outcome in favor of risk assets, and the self-fulfilling prophecy did occur in equities and some cryptocurrencies. With SHIB not being one of those cryptocurrencies, however, expect traders to search for better assets to place their money in.