I’ve watched enough Fed cycles to know the first move is usually the noisiest part. This time, the 25bp hike feels almost secondary. The Fed actually delivered it on September 16, lifting rates to 3.75%–4.00%, while projections pointed to another hike in 2026.

What keeps catching my attention is what happens after the headline fades. I’ve seen BTC dump on the first candle, then completely reverse once traders digest the path. But I’m not sure this is just another “priced in” event.

Yields are already doing some of the talking, and the dollar reaction matters. Gold is showing the other side of the trade, getting hit as rates and the dollar strengthen.

I don’t fully trust the first reaction anymore. I’d rather watch what liquidity does after the noise disappears. The hike happened. The uncomfortable question is what comes next.

#FedRateWatch
$BR
$AVA
$BULLA