The Fed meeting is today, and the expectation is a 25bps rate cut. But honestly, the real action is going to be in Powell’s speech afterward—and even more importantly, how the market reacts to it.
Looking ahead to 2025, the Fed will probably slow things down with rate changes. Why? The economy’s flashing some warning signs: unemployment is creeping up, and inflation is still too high and probably worse than they admit
For now, I think the market could have a short-term bounce, even if Powell comes off dovish. The recent dip likely baked in these expectations, so this could end up being a classic sell the rumor, buy the news situation, even if the news isn't great.
I remain bullish short-term on the AI narrative, with many solid setups presenting opportunities. On the other hand, memecoins and many altcoins likely have already hit their local tops.
As always, the best play is to stay flexible and adjust as things develop. Let’s see how this plays out!
#BTCNewATH #BinanceAlpha #USUALSpotPrediction #FullMarketBullRun #Bitcoin110KNext? $BTC
