🚨POWELL'S FINAL FED BOMB $BTC
Powell went out swinging
Final Fed meeting as Chair. Rates held at 3.75%. But the statement language change is what nuked markets
They dropped "somewhat elevated" inflation and wrote "ELEVATED" instead.
One word. Markets tanked.
4 dissenters this meeting that's unprecedented under Powell's tenure. The committee is fracturing.
Translation for crypto:
No rate cuts until late 2026 at best. Maybe 2027.
Risk assets got the memo instantly. BTC down 2%. ETFs just bled $490M over 3 days.
Funding flipped negative (-0.0087%). Shorts are getting paid. Leverage is getting destroyed.
Kevin Warsh — Trump's pick, actually pro-crypto — takes over May 15. But between now and then?
Expect violent, choppy, liquidation-heavy price action.
Levels I'm watching:
→ $74.5K — lose this and $72K comes fast
→ $78.5K — reclaim for bullish continuation
I'm sidelined on leverage. Spot only until macro clears.
What's your play? Accumulate or de-risk? 👇