Before the FOMC meeting, the market had priced in rate hikes as high as 92%. The rate hike itself will not create new selling pressure. The main narrative is shifting—from expectations of rate hikes to a move toward ‘bad news runs out’ and subsequent repair.
Long-term U.S. Treasury yields are falling instead of rising. The 10-year yield drops to 4.95%, and the 30-year yield drops to 5.313%. Historically, this is usually bullish for crypto.
For the crypto market in the short term, we should still watch for downside to play out and for a repair to follow. Altcoins such as $SOL , $BNB , and $Pengu have already started to rebound.
Hold with confidence.
#btc #fed #fomc #trading #macro
Long-term U.S. Treasury yields are falling instead of rising. The 10-year yield drops to 4.95%, and the 30-year yield drops to 5.313%. Historically, this is usually bullish for crypto.
For the crypto market in the short term, we should still watch for downside to play out and for a repair to follow. Altcoins such as $SOL , $BNB , and $Pengu have already started to rebound.
Hold with confidence.
#btc #fed #fomc #trading #macro