Tonight is another storm—can $BTC hold up?
At 2:00 a.m. Beijing time on September 17, the Federal Reserve will release its latest interest rate decision, followed by a Powell press conference.
BTC is currently trading in a range around $75,000–$77,000. After just going through a round of pullback, the market’s sentiment is already quite sensitive. After tonight’s rate result comes out, what may truly trigger sharp volatility is likely what Powell says about the pace of future rate cuts and inflation.
In this kind of market, the biggest fear is chasing price or selling in panic. If there is buy support at lower levels, you could consider going long; if a rebound at higher levels runs into sell pressure, you could consider going short. If you already hold positions, trimming exposure and reducing leverage will feel much more comfortable.
After 2:00 a.m., BTC will most likely start testing the patience of both long and short sides again.
At 2:00 a.m. Beijing time on September 17, the Federal Reserve will release its latest interest rate decision, followed by a Powell press conference.
BTC is currently trading in a range around $75,000–$77,000. After just going through a round of pullback, the market’s sentiment is already quite sensitive. After tonight’s rate result comes out, what may truly trigger sharp volatility is likely what Powell says about the pace of future rate cuts and inflation.
In this kind of market, the biggest fear is chasing price or selling in panic. If there is buy support at lower levels, you could consider going long; if a rebound at higher levels runs into sell pressure, you could consider going short. If you already hold positions, trimming exposure and reducing leverage will feel much more comfortable.
After 2:00 a.m., BTC will most likely start testing the patience of both long and short sides again.