Kevin Warsh didn’t suddenly become the reason $BTC is falling.
The bigger issue is that the market expected the Fed to give it a clear signal, and Warsh didn’t.
His message was simple: inflation still matters, and he’s not going to tell traders exactly what the Fed will do next.
That makes guessing Fed moves much harder.
The interesting part? The earlier $BTC move toward $80K wasn’t really caused by the Fed either. It followed the Treasury’s bond buyback announcement.
Now $BTC is back around $77K, with the 50-week EMA sitting nearby.
That level matters.
Hold it and the bigger trend can stay intact. Lose it, and $76K becomes much more important.
For Bitget traders, I’d focus less on every Fed headline and more on how price reacts around these levels.
September’s FOMC could be the next major test.
Watch the chart, not just the speech. 👀
The bigger issue is that the market expected the Fed to give it a clear signal, and Warsh didn’t.
His message was simple: inflation still matters, and he’s not going to tell traders exactly what the Fed will do next.
That makes guessing Fed moves much harder.
The interesting part? The earlier $BTC move toward $80K wasn’t really caused by the Fed either. It followed the Treasury’s bond buyback announcement.
Now $BTC is back around $77K, with the 50-week EMA sitting nearby.
That level matters.
Hold it and the bigger trend can stay intact. Lose it, and $76K becomes much more important.
For Bitget traders, I’d focus less on every Fed headline and more on how price reacts around these levels.
September’s FOMC could be the next major test.
Watch the chart, not just the speech. 👀
