Everyone seems to know what the Fed is expected to do today, and that’s exactly what makes this decision interesting.

Markets are heavily pricing in a 25 bps hike, while BTC has already pulled back from its September high. So I’m wondering how much of the decision is already priced in.

If the Fed delivers what’s expected, the bigger question may be the tone that comes with it — especially the dot plot and guidance on future rates. That could matter more for BTC than the hike itself.

A surprise pause would be a different story. With positioning so focused on a hike, BTC could react quickly as traders adjust their expectations.

Personally, I’m less interested in guessing the decision and more interested in Bitcoin’s reaction afterward.

If BTC barely moves after the hike, that could mean the market had already priced it in. If it drops sharply, then the Fed’s message may be the real catalyst.

For me, today is less about the rate itself and more about what the Fed signals next.