đš FOMC Meeting Just Hours Away! â°
The anticipation is building as the next FOMC meeting approaches, with a 63% chance of a 50bps rate cutâthe first since March 2020! đ„
đ Market Expectation: A 50bps rate cut today is seen as extremely bullish for the market. Powell's upcoming speech will be crucial. đŁïž
â ïž Key Scenarios to Watch:
Recession Risks: Any mention of recession risks could lead to a market decline đ.
Aggressive Rate Cuts: If Powell assures aggressive rate cuts and market stability, expect a potential parabolic move in crypto đ.
Major banks are forecasting a 1%-1.25% rate cut in 2024, and with rising global liquidity, this could flood risk-on assets like Bitcoin and other cryptos with cash đ°.
Q4 is shaping up to be incredibly bullishâbe prepared for a potentially game-changing market shift! đ
Trade smart and stay tuned! đ
