Last night, **BTC smashed through the trend line**, sparking a frenzy as determined short sellers flipped to long positions. But was it the right move? I warned against chasing the long position – and here’s why:
Both the **Nasdaq Index** and **S&P Weather Vane** closed the *false breakout*, signaling caution. Sure enough, BTC **pulled back in the dead of night**. False or real? At this point, it doesn’t matter until the **FOMC meeting** happens.
💡 Here’s the kicker: Even **BTC bookmakers** probably don’t know what Powell will say next. But trust me, no matter the hype, the **K-line is usually reliable**—except during these game-changing moments, where we see lots of **false moves** until the **interest rate** is announced.
So what’s my take? The **Fed might cut rates just once tonight**, signaling a "strong" economy and keeping the stock party going—letting market makers sell high. But if they slash rates twice, that's a **big red flag**: an admission the economy is struggling.
📉 My gut says we’ll see a **one-time cut**—but remember, this is just based on my own analysis.
**Stay sharp**—tonight could be a pivotal moment for BTC and the entire market. 🧨
#BTCMoves analysis #BinanceLaunchpoolHMSTR #Write2Earn! #CPI_BTC_Watch
