🚨 Danger Alert!
#bitcoin falls to the $90,000 zone while the #Fed prepares its key decision 📉
#BTC has lost its initial gains of the week and has sharply retreated to the $90,000 level, positioning itself in a "danger zone" just before tomorrow's announcement from the Federal Reserve (Fed).
The Catalyst for the Fall: The market is preparing for the Fed's imminent decision on interest rates, which will be announced on Wednesday.
Market Expectation: The vast majority of traders (it is overwhelmingly forecasted) expect a 25 basis point rate cut.
Theoretical Effect: A rate cut is traditionally seen as a bullish factor for risk assets like Bitcoin and other cryptocurrencies, as it reduces the value of the US dollar (USD).
News Risk: The main risk lies in the fact that this expectation of a cut may already be fully priced into Bitcoin's current price. If this is the case, the confirmation of the cut (or even the news itself) could trigger a sell-off in the market.
Implication for Year-End: If the cut is already priced in, it could mean that there are no significant new bullish catalysts left for the rest of the year, which would put downward pressure on risk asset prices.
