Less than 5 minutes until the resolution is released (U.S. Eastern time, 2 p.m.), the probability of a 25-basis-point rate hike remains above 90%. From the order-book/market action, it is clear that capital is currently in a defensive posture.
$BTC continues to dip, currently at $75,542 (24 hours: -1.83%). $ETH ’s decline is even larger to $2,380 (-2.42%). Risk-off funds keep withdrawing ahead of the announcement. At the same time, the gold-backed token $PAXG accelerates upward against the trend, reaching $4,351 (+1.22%, clearly stronger than this morning). Safe-haven characteristics are being repriced by the market.
Technically, BTC’s repeated support around the 75k line suggests a lot of selling pressure has already been digested. If the rate hike is in line with market expectations and thus qualifies as a “bad news priced in,” there’s a possibility of a short-term rapid probing bottom followed by stabilization. What truly needs attention is whether Powell’s post-meeting remarks turn hawkish, which could open up further downside room. In the next 30 minutes, price volatility is more worth watching than the data itself. #FedRateWatch
$BTC continues to dip, currently at $75,542 (24 hours: -1.83%). $ETH ’s decline is even larger to $2,380 (-2.42%). Risk-off funds keep withdrawing ahead of the announcement. At the same time, the gold-backed token $PAXG accelerates upward against the trend, reaching $4,351 (+1.22%, clearly stronger than this morning). Safe-haven characteristics are being repriced by the market.
Technically, BTC’s repeated support around the 75k line suggests a lot of selling pressure has already been digested. If the rate hike is in line with market expectations and thus qualifies as a “bad news priced in,” there’s a possibility of a short-term rapid probing bottom followed by stabilization. What truly needs attention is whether Powell’s post-meeting remarks turn hawkish, which could open up further downside room. In the next 30 minutes, price volatility is more worth watching than the data itself. #FedRateWatch
