How will tomorrow's Fed interest rate decision affect #Bitcoin?
The expectation that the Fed will raise rates by 25 basis points has risen to 86.5%. If the rate-hike expectation materializes, the interest rate will move to the 3.75–4 range. In this case, it is clear that the crypto markets will be negatively affected.
#BTC has been trading sideways for 2 weeks. The 75,600$ support level is maintaining this structure. A breakdown of this support will accelerate the downside. I don't expect an alternative scenario.
$BTC
The expectation that the Fed will raise rates by 25 basis points has risen to 86.5%. If the rate-hike expectation materializes, the interest rate will move to the 3.75–4 range. In this case, it is clear that the crypto markets will be negatively affected.
#BTC has been trading sideways for 2 weeks. The 75,600$ support level is maintaining this structure. A breakdown of this support will accelerate the downside. I don't expect an alternative scenario.
$BTC
