A fairly consistent pattern $BTC around the FOMC.
In the last eight meetings shown here, the direction of the week before the announcement has been opposite to the direction of the week that followed.
Rallies heading into the meeting were followed by declines. Negative weeks going in were followed by positive weeks coming out.
Understand that a lot of positioning happens before the announcement.
In other words, “priced in”.
We’ve consistently seen these changes in direction around cuts, holds, and a hike.
So far, BTC has already corrected 7% heading into the meeting. However, the further it falls, the more people expect that same direction to continue.
If history repeats itself, we continue to see blood this week, followed by green next week
$BTC
In the last eight meetings shown here, the direction of the week before the announcement has been opposite to the direction of the week that followed.
Rallies heading into the meeting were followed by declines. Negative weeks going in were followed by positive weeks coming out.
Understand that a lot of positioning happens before the announcement.
In other words, “priced in”.
We’ve consistently seen these changes in direction around cuts, holds, and a hike.
So far, BTC has already corrected 7% heading into the meeting. However, the further it falls, the more people expect that same direction to continue.
If history repeats itself, we continue to see blood this week, followed by green next week
$BTC
