BTC is holding above $75,000, awaiting the Fed’s answer tonight
After the CLARITY Act hit a setback yesterday, BTC has not shown any clear recovery today. It is currently trading at around $75,930, with an intraday high of $77,163 and a low of $75,039. The price is being constrained within a tight range, suggesting that both bulls and bears are waiting for tonight’s macro headline for clarity.
The Fed will release its interest rate decision at 2:00 p.m. U.S. Eastern Time. A press conference will follow half an hour later. While markets broadly expect a rate hike, the real driver of large volatility is likely to be the dot plot and the Chair’s wording regarding the future rate path.
Now watch three potential reactions:
First, whether the $75,000 support level is effectively broken to the downside;
Second, whether price can reclaim $76,700 after the decision;
Third, whether ETH and BNB will amplify volatility as liquidity conditions change.
The key in this market move is not guessing a number, but checking whether the market’s expectations and the actual wording are out of sync. Do you think tonight will first trigger a wave of volatility, or will it pick a direction right away?
$BTC $ETH $BNB
After the CLARITY Act hit a setback yesterday, BTC has not shown any clear recovery today. It is currently trading at around $75,930, with an intraday high of $77,163 and a low of $75,039. The price is being constrained within a tight range, suggesting that both bulls and bears are waiting for tonight’s macro headline for clarity.
The Fed will release its interest rate decision at 2:00 p.m. U.S. Eastern Time. A press conference will follow half an hour later. While markets broadly expect a rate hike, the real driver of large volatility is likely to be the dot plot and the Chair’s wording regarding the future rate path.
Now watch three potential reactions:
First, whether the $75,000 support level is effectively broken to the downside;
Second, whether price can reclaim $76,700 after the decision;
Third, whether ETH and BNB will amplify volatility as liquidity conditions change.
The key in this market move is not guessing a number, but checking whether the market’s expectations and the actual wording are out of sync. Do you think tonight will first trigger a wave of volatility, or will it pick a direction right away?
$BTC $ETH $BNB