The markets are set for increased volatility as we approach two critical events today. At 19:00 UTC, the Federal Reserve will announce its latest interest rate decision, followed by a press conference at 19:30 UTC. These developments are expected to generate significant fluctuations, particularly within the altcoin space, where many assets are nearing key support levels. Given the current conditions, my outlook suggests a potential downward breakout, which could see prices testing lower supports before any possible rebound later in the week. In light of this uncertainty, it is advisable for traders to exercise caution by implementing stop-loss orders and reducing leverage to manage risk and navigate the volatile market environment effectively.
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