#FedRateWatch - My Take on September FOMC
The market is at a critical point. August Core CPI rose 0.3% and the market is pricing a 90% chance of a 25bp rate hike. This decision will decide the next move for BTC.
If the Fed hikes, we might see BTC retest the $75k bottom that we saw earlier this week, which actually caused $170M in short liquidations and then a strong recovery to $80k. But if Fed pauses, a rally to $85k is very possible.
I am personally holding BTC and watching the $78,500 support level closely. The $75k dip was a perfect buy zone last time.
What is your strategy? Are you buying the dip or waiting for FOMC? Let's discuss.
#BTC #crypto #FOMC #bitcoin
The market is at a critical point. August Core CPI rose 0.3% and the market is pricing a 90% chance of a 25bp rate hike. This decision will decide the next move for BTC.
If the Fed hikes, we might see BTC retest the $75k bottom that we saw earlier this week, which actually caused $170M in short liquidations and then a strong recovery to $80k. But if Fed pauses, a rally to $85k is very possible.
I am personally holding BTC and watching the $78,500 support level closely. The $75k dip was a perfect buy zone last time.
What is your strategy? Are you buying the dip or waiting for FOMC? Let's discuss.
#BTC #crypto #FOMC #bitcoin
