Many said that the Fed’s decision today, September 17, would send us straight to the ground after the announcement of the rate hikes, but the crypto market once again proved that it often does the opposite of what most expect 🚀📈
After the macroeconomic uncertainty from the FOMC cleared up, $BTC reacted strongly, reclaiming the $76,000 area, and $ETH H remains firm above $2,400. Once uncertainty is cleared and short positions come out to cover, the technical bounce doesn’t take long to show up.
The reality is that volatility is still on the table, but while many were expecting a massive sell-off on the news, the market absorbed the impact and once again showed strength.
How did you see today’s reaction? Do you think this bounce has the power to take us back to looking for $80,000 before the end of the month, or is it just a temporary relief? What do you think about all of this?
After the macroeconomic uncertainty from the FOMC cleared up, $BTC reacted strongly, reclaiming the $76,000 area, and $ETH H remains firm above $2,400. Once uncertainty is cleared and short positions come out to cover, the technical bounce doesn’t take long to show up.
The reality is that volatility is still on the table, but while many were expecting a massive sell-off on the news, the market absorbed the impact and once again showed strength.
How did you see today’s reaction? Do you think this bounce has the power to take us back to looking for $80,000 before the end of the month, or is it just a temporary relief? What do you think about all of this?