Bitcoin climbed back above around 81,000, led by chip stocks in the Asian session. It’s now hovering around 81,300, while ETH is around 2,360. Public data shows that U.S. spot Bitcoin ETFs saw net inflows of about $176 million on Tuesday, marking a second consecutive day of inflows. In plain English: risk appetite has recovered a bit, but the rate decision is still ahead.
The decision is expected around 2:00 a.m. Beijing time on 10/29, followed by the press conference at 2:30 a.m. Don’t mistake today’s rebound for the all-clear before tonight’s events.
Today’s hexagram is Water over Heaven, “Waiting”: Water above, Heaven below. Waiting means holding back for now—catch your breath, but don’t get ahead of yourself. In plain English: getting back above that level gives us half a reason to relax, but we’ll probably still have to wait for tonight’s tone.
My take: this is probably best seen as a recovery in risk appetite for now. Don’t chase the move and go all-in; let’s see what direction things take after the press conference.
What do you think—is this “back above the level, so we can relax,” or “a recovery is a recovery, but we still have to get through the rate decision”? Share your thoughts in the comments.
A little favor, everyone—please take a moment to vote using the poll link below on my profile. You can vote once a day, and those who vote can claim a little reward. Thanks, everyone! Follow me for updates.
$BTC $ETH
Personal opinion, not investment advice.
The decision is expected around 2:00 a.m. Beijing time on 10/29, followed by the press conference at 2:30 a.m. Don’t mistake today’s rebound for the all-clear before tonight’s events.
Today’s hexagram is Water over Heaven, “Waiting”: Water above, Heaven below. Waiting means holding back for now—catch your breath, but don’t get ahead of yourself. In plain English: getting back above that level gives us half a reason to relax, but we’ll probably still have to wait for tonight’s tone.
My take: this is probably best seen as a recovery in risk appetite for now. Don’t chase the move and go all-in; let’s see what direction things take after the press conference.
What do you think—is this “back above the level, so we can relax,” or “a recovery is a recovery, but we still have to get through the rate decision”? Share your thoughts in the comments.
A little favor, everyone—please take a moment to vote using the poll link below on my profile. You can vote once a day, and those who vote can claim a little reward. Thanks, everyone! Follow me for updates.
$BTC $ETH
Personal opinion, not investment advice.
