BTC is consolidating around $75,000, and the real test tonight hasn’t begun yet
The day after the CLARITY Act suffered a setback, BTC didn’t immediately rebound. It is currently around $75,658, with an intraday high of $77,163 and a low of $75,039. Market sentiment is clearly tightening, but the price hasn’t spiraled downward further.
The real test is tonight: the Federal Reserve will release its interest-rate decision. The market broadly expects a rate hike. What matters more is the Chair’s remarks and the subsequent path—if a “single hike” is interpreted as higher rates for a longer period, risk assets will continue to face pressure; if the tone is more gentle, we could see a drop first followed by an upswing.
Now focus on three reactions:
First, whether the $75,000 level can hold;
Second, whether there is low-volume sideways movement before the decision;
Third, whether ETH and BNB continue to underperform relative to BTC.
Regulatory events have already provided the answer, while macro events are still on the way. Do you think tonight will bring a second round of declines, or a rebound after the bad news is absorbed?
$BTC $ETH $BNB
The day after the CLARITY Act suffered a setback, BTC didn’t immediately rebound. It is currently around $75,658, with an intraday high of $77,163 and a low of $75,039. Market sentiment is clearly tightening, but the price hasn’t spiraled downward further.
The real test is tonight: the Federal Reserve will release its interest-rate decision. The market broadly expects a rate hike. What matters more is the Chair’s remarks and the subsequent path—if a “single hike” is interpreted as higher rates for a longer period, risk assets will continue to face pressure; if the tone is more gentle, we could see a drop first followed by an upswing.
Now focus on three reactions:
First, whether the $75,000 level can hold;
Second, whether there is low-volume sideways movement before the decision;
Third, whether ETH and BNB continue to underperform relative to BTC.
Regulatory events have already provided the answer, while macro events are still on the way. Do you think tonight will bring a second round of declines, or a rebound after the bad news is absorbed?
$BTC $ETH $BNB