$BTC faces its big test today: Fed decision day 🏛️
The setup:
• Rates are expected to stay at 3.75% to 4.00%. Markets price only about a 12% chance of another hike
• The Fed raised rates in September, and President Trump publicly criticized that move
• US midterm elections are on November 3, just six days away
Chair Kevin Warsh has a tricky job: explain why the Fed is holding despite sticky inflation, without looking like he's bowing to political pressure, and keep a possible December move on the table.
Why crypto cares: the tone matters more than the decision. Any hint of another hike could pressure Bitcoin, which is already fighting to hold 80,000. A calmer message could help it push toward resistance near 84,000 to 85,000.
Times (UTC): decision at 18:00, press conference at 18:30.
Hold, hike or a surprise? What's your call for $ETH and the market? 👇
#FOMCWatch #FederalReserve #Bitcoin
The setup:
• Rates are expected to stay at 3.75% to 4.00%. Markets price only about a 12% chance of another hike
• The Fed raised rates in September, and President Trump publicly criticized that move
• US midterm elections are on November 3, just six days away
Chair Kevin Warsh has a tricky job: explain why the Fed is holding despite sticky inflation, without looking like he's bowing to political pressure, and keep a possible December move on the table.
Why crypto cares: the tone matters more than the decision. Any hint of another hike could pressure Bitcoin, which is already fighting to hold 80,000. A calmer message could help it push toward resistance near 84,000 to 85,000.
Times (UTC): decision at 18:00, press conference at 18:30.
Hold, hike or a surprise? What's your call for $ETH and the market? 👇
#FOMCWatch #FederalReserve #Bitcoin