⚠️ How #Bitcoin price would be after Fed rate cut decision on this Wednesday?
1️⃣ According to CME FedWatch Tool, there is 99.4% chance that the #Fed will keep interest rates unchanged, so ignore the opposite case but let’s focus on Fed Chair Jerome Powell press conference’s tone right after this Wed interest rate decision
2️⃣ Hawkish tone: $BTC might dump from 5 to 10% (estimated) within the next 48hrs
3️⃣ Neutral tone: BTC might continue to go sideways but also might break previous ATH if inflation and jobs data keep pushing pressure to Fed to start the rate cut sooner
4️⃣ Dovish tone: BTC might have massive pumps, break previous ATH, set new ATHs
- Trade Wisely and NFA -
