Why is the market so tepid today? !
Here comes the answer!
At 3 a.m. tonight, the Federal Reserve will hold an interest rate meeting!
I believe everyone in the industry should know the impact of this result on the market.
On September 18, the Federal Reserve announced a 50 basis point interest rate cut.
BTC has risen for 10 consecutive days and has risen by $5,000!
There are three possible results for tonight's resolution:
1. In line with market expectations, a 25 basis point interest rate cut will not have much impact and will continue to benefit the cryptocurrency market.
2. Exceeding market expectations, a 50 basis point interest rate cut will lead to a violent bull market!
3. Judging from the economic data released by the Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce on October 30, some analysts believe that the Federal Reserve may suspend or change the interest rate cut cycle. ---- Venture capital will flee and bring the market down!
Which one do you think is most likely?
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