🔥 BULLISH on FOMC: Rate Cut to Ignite Crypto Rally! 🚀
Quick Schedule (ET / UTC-4):
• 1 hour ago (1:00 PM): Consumer Confidence (Oct) released – held steady at ~102, easing recession jitters and supporting risk-on vibes for BTC/ETH. 23
• Now (2:00 PM): FOMC Rate Decision hits – 25bps cut to 3.75-4.00% range locked in at 99.9% odds (CME FedWatch), second trim since Sept pivot. 0
• 30 min later (2:30 PM): Powell’s Presser – key for dovish hints on Dec cut (~95% priced); watch labor softness amid shutdown delays – bullish if he flags more easing. 5
• Tomorrow (Oct 30, 8:30 AM): GDP Q3 advance est. +2.5% QoQ; could confirm soft landing, boosting alts if it beats – but revisions loom from data fog. 23
Textbook 25bps slice ahead amid cooling CPI (~3%) and steady claims – no crash in sight, just liquidity love for high-beta plays like crypto. BTC eyes $120K breakout post-Powell if he nods to 2026 dovishness; ETH/XRP range-bound but primed for volatility pop. Shutdown haze adds edge, but this screams risk-on: Bitcoin to new ATH in Nov? Bullish af – load up on dips! 📈💎
