#Federal Reserve Raises Rates
After the rate hike is implemented and the CLARITY vote fails, Bitcoin doesn’t keep sliding lower—it instead returns above $86,000. BitGo’s view is that it has been “digested.”
For leveraged longs, this feels more like a stress test passed: with no fresh lows after bad news has played out, it suggests selling pressure may have been released earlier. But “absorption” doesn’t mean “a turn.” If BTC falls back below $86,000 again, this assessment would be falsified.
$PENGU $ARB $CHR
After the rate hike is implemented and the CLARITY vote fails, Bitcoin doesn’t keep sliding lower—it instead returns above $86,000. BitGo’s view is that it has been “digested.”
For leveraged longs, this feels more like a stress test passed: with no fresh lows after bad news has played out, it suggests selling pressure may have been released earlier. But “absorption” doesn’t mean “a turn.” If BTC falls back below $86,000 again, this assessment would be falsified.
$PENGU $ARB $CHR
