How to make money on the Ethereum update and what will happen to Bitcoin after the FED meeting

Sup, friends? The buidlbee team is here with you. We hope you're ready for a new round of valuable forecasts, reviews, and signals, which we have prepared today. Straight to the point: let’s take a closer look at such topics 👇

• Earnings from the upcoming major Ethereum update;

• Possible Chainlink (LINK) pump signals;

• How to claim a Space ID airdrop;

• Bitcoin price predictions after the FED meeting;

• Crypto raffle!

Want to know how you can make money from token unlocks? We will give a practical guidebook, "How to make money from token unlocks," to everyone who invites 1 friend to subscribe to the buidlbee newsletter!

🔝Getting ready for the Ethereum update: earning on options

While everyone is frozen in waiting for Wednesday's interest rate decision, let's explore making money on Ethereum's upcoming big update by cracking down on two ready-made trading strategies based on ETH options (with a tutorial course as a bonus). As a simpler alternative, we will help you choose a popular staking.

Shapella ahead

Tomorrow's Fed meeting to decide the fate of interest rates is already recognized as one of the most difficult to predict (the market is filled with opposing predictions). While we wait for this important decision, let's talk about Ethereum, where a big event is expected in two weeks.

Shanghai is a major update to Ethereum that will allow coins to be removed from stacking. The Ethereum team has decided on a final date for the Shanghai-Capella (Shapella) hardfork on mainnet; the update is scheduled for April 12 (epoch 620.9536). Ethereum has already released the Geth client version v1.11.5, which allows the mainnet Shanghai upgrade.

Ready-made strategies

The general outline of upcoming events looks like this:

Trader @RyanLeeCrypto offers two strategies that use Deribit options as a tool.

1. Double Calendar Spread

You can recalculate the model to your liking using this online tool or this one.

2. Diagonal Strategy

You can recalculate the model to your liking using this online tool or this one.

Hey, if options trading seems complicated to you but you want to learn, we offer you a recording of Trading the Shanghai Upgrade with Crypto Options course! There is a free video available at this link and a text transcription at this link. You will also need a Deribit account to apply the theory.

Alternative option

If you're not ready to make money trading options, a simpler and safer option for Ethereum is staking services. Yesterday, Coinbase reported that staking services earned $3 billion in revenue in 2022. As you can see, this is already a huge and growing industry. The following is a list of the most popular staking providers by number of users for ease of selection:

👉Opportunities

[1] 🔔Buy #CHAINLINK (LINK)

• According to on-chain analysis, whales have been accumulating #LINK lately, gradually buying the coin back from the market.

• 30 new addresses have accumulated a total of 2,645,590 #LINK ($18.52 million) on Binance in the last 2 weeks.

• For example, whale "0xD51b" bought 367,814 #LINK from 2,422,717 #USDT at $6.59 on March 15.

• Such a steady redemption of tokens from the market should soon inevitably reverse the coin's trend.

Technical analysis from user @TradeSimplest also suggests the same:

“Just look at the chart of this beauty $LINK.

ChainLink has followed a year-long horizontal consolidation without breaking its structure. The breakout from this horizontal channel will bring one of the most glorious pumps in crypto history!

I believe $LINK is a screaming buy right now.”

[2] 🔔Space ID airdrop

Claiming it will be at the same time as the token listing time on March 22 (10:00 UTC). The Space ID token sale will take place on Binance Launchpad. If you remember, we wrote about it in our previous newsletters. Space ID is developing a universal name service network that allows Web3 domains to be found, registered, traded, and managed. The project announced a token giveaway for Early Adopter on March 19.

What you need to do is:

• Go to this link.

• Register the domain and make sure it's new. Do not get it from the aftermarket.

• Go to your profile and set the domain as primary (in the top right corner).

• Get a referral link in Referral and invite your friends with it.

The official guide is here.

[3] 🔔 FED meeting coming up: what will happen to Bitcoin?

On March 22, the U.S. Federal Reserve (FED) will meet. It is expected to change the interest rate. It is now 4.75%, but it is expected to rise to 5%. This is the interest rate at which commercial banks in the United States lend to each other for short periods of time.

Such information always has a significant impact on the stock market and partially affects the cryptocurrency market as well.

The previous speech by Jerome Powell, head of the FED, could have triggered a cascade of bank failures. Silvergate, Silicon Valley Bank (SVB), and Signature Bank were the largest bankruptcies.

Speaking at a Senate Banking Committee hearing on March 7, Powell said the FED was prepared to act more broadly if there was a need for tighter measures to control inflation. That means interest rates could rise more than expected. Bitcoin is unlikely to fall in price, but the cryptocurrency market may be volatile on the eve of the meeting and for some time after. Most likely, Bitcoin will rise or fall in price slightly and then return to its previous value (or so).

According to the CME FedWatch tool, after raising rates seven times in 2022 and once in 2023, the nation's central bank may well raise the benchmark FED funds rate by 0.25%.

Chances are high that the FED will raise rates in time for its May meeting, as inflation reached 6% in February compared to a year earlier.

On February 1 of this year, the FED raised the interest rate from 4.25-4.5% to 4.5-4.75% per year. After this information, Bitcoin rose to $23,000 and even briefly reached the $24,000 mark. On the eve of the meeting, the price managed to sink.

On December 14, 2022, the FED raised the rate from 3.75-4% to 4.25-4.5% per annum. The situation with the price of bitcoin was the opposite: it fell after the publication of the resolution from $18,300 to $16,000.

However, crypto is always a surprise, and this time the situation may be even more different. Bill Ackman, an American financier and entrepreneur and founder and CEO of the hedge fund Pershing Square Capital Management, urged the FED to pause on Wednesday due to several major shocks to the system, including the closure of three banks in the United States in a week, leading to the elimination of equity and bond holders.

Elon Musk stated in the comments that the FED needs to cut the rate.

Answer a quick question and get a chance to win ETH tokens.

Will Bitcoin drop below $27k on March 22 (12:00 UTC)❓

The prize will go to a randomly selected winner among those who answered correctly. We will announce the lucky one in the next newsletter. Onward to victory!

Thank you for staying with us! We wish you x100 and profit. See you tomorrow!

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