#FedRateWatch
In all honesty, I actually think Fed cuts 25bps this week, not hikes. Fed rate has been held at 3.50-3.75% since March and employment numbers have been poor lately, which makes more sense to me. It's also not just one cut from my opinion, looks like the beginning of the trend towards gradual cuts throughout next year.
If so, I assume BTC and tech stocks will pump short-term after the decision because of easy money. Also, gold might react positively. But BTC has already fallen by over 3% today, so who knows maybe it'll just dump again as usual lol.
But here is my simple plan: I am not buying anything until Fed announces its decision. First of all, I will wait for 2pm ET, when the decision will be made and see BTC's reaction during the first hour.
In all honesty, I actually think Fed cuts 25bps this week, not hikes. Fed rate has been held at 3.50-3.75% since March and employment numbers have been poor lately, which makes more sense to me. It's also not just one cut from my opinion, looks like the beginning of the trend towards gradual cuts throughout next year.
If so, I assume BTC and tech stocks will pump short-term after the decision because of easy money. Also, gold might react positively. But BTC has already fallen by over 3% today, so who knows maybe it'll just dump again as usual lol.
But here is my simple plan: I am not buying anything until Fed announces its decision. First of all, I will wait for 2pm ET, when the decision will be made and see BTC's reaction during the first hour.