The Fed held rates. $BITCOIN dropped anyway. Here’s what that actually means. On paper, yesterday’s meeting was dovish: rates unchanged, 1 cut still projected for 2026, Powell said to “look through” energy price shocks Markets heard it. And sold anyway. That’s the signal. The real problem isn’t the Fed. It’s everything the Fed can’t control. Oil is rising. Middle East tensions are keeping it there. Higher oil = higher inflation expectations = a Fed that wants to cut but can’t. A Fed that can’t cut is a ceiling on crypto. Simple as that. The part most people missed? Governor Waller didn’t dissent for a cut. Labour market is weakening, he had every reason to push for easier policy. He stayed quiet. That means even the doves are spooked by inflation risk again. This is not a bullish environment. Not yet. Our view: $BTC likely put in a local top. More downside before a real opportunity opens up. We’re not buying here. We’re watching. The next real move comes when the Middle East stabilises, oil pulls back, and the Fed gets room to act again. That’s when we position. Follow to stay up to date, the next few weeks are going to matter.
BTC
66,465.75
-0.83%
BITCOIN
Alpha
0.016197
-1.83%