๐“๐ก๐ž ๐…๐ž๐ ๐‰๐ฎ๐ฌ๐ญ ๐‹๐ž๐Ÿ๐ญ ๐“๐ซ๐š๐๐ž๐ซ๐ฌ ๐–๐ข๐ญ๐ก ๐€๐ง๐จ๐ญ๐ก๐ž๐ซ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง

The 25bp hike to 3.75%โ€“4.00% wasnโ€™t exactly a shock.

The interesting part is the dot plot.

The Fedโ€™s median projection puts rates at 4.1% by year-end, which keeps another hike in play.

So now the inflation and jobs data matter even more. One hot print and the whole rate-cut narrative gets harder to defend.

BTC, gold, stocksโ€ฆ all of them have to deal with the same macro backdrop.

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