đš THE FED DECISION COULD DECIDE BITCOINâS NEXT MOVE
The biggest macro event for crypto is here. đ
The Federal Reserveâs September decision is due today, and markets are heavily pricing in a 25bp rate hike. Reuters reported that around 92% of traders were pricing in a quarter-point hike ahead of the decision. At the same time, the U.S. 10-year Treasury yield briefly moved above 5%, keeping pressure on risk assets.
But hereâs the important part:
The rate decision may not be the biggest market mover â the Fedâs guidance could be.
đ Hawkish Fed: Higher-for-longer rates could strengthen the dollar and put pressure on $BTC, ETH and other risk assets.
đ Dovish Fed: If the Fed signals that further hikes may be limited, crypto could get a relief move as risk appetite improves.
For $BTC, Iâm watching price reaction + volume after the announcement, rather than trying to predict the first candle.
The market may move fast.
Confirmation first. Emotion second.
What do you expect after the Fed decision?
Bullish breakout đ or another correction đ?
$BTC
$ETH
#FedRateWatch #fomc #bitcoin #crypto
The biggest macro event for crypto is here. đ
The Federal Reserveâs September decision is due today, and markets are heavily pricing in a 25bp rate hike. Reuters reported that around 92% of traders were pricing in a quarter-point hike ahead of the decision. At the same time, the U.S. 10-year Treasury yield briefly moved above 5%, keeping pressure on risk assets.
But hereâs the important part:
The rate decision may not be the biggest market mover â the Fedâs guidance could be.
đ Hawkish Fed: Higher-for-longer rates could strengthen the dollar and put pressure on $BTC, ETH and other risk assets.
đ Dovish Fed: If the Fed signals that further hikes may be limited, crypto could get a relief move as risk appetite improves.
For $BTC, Iâm watching price reaction + volume after the announcement, rather than trying to predict the first candle.
The market may move fast.
Confirmation first. Emotion second.
What do you expect after the Fed decision?
Bullish breakout đ or another correction đ?
$BTC
$ETH
#FedRateWatch #fomc #bitcoin #crypto
