Z-Glock
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Bearish
The FOMC's 7th meeting has seen 6 drops, and tonight the last one is coming.
The Federal Reserve's FOMC meetings are like BTC's 'monthly calamity day' ⚡️ This year there have been 7 meetings, and surprisingly 6 of them caused Bitcoin to plunge, which is more accurate than guessing on an exam…
In January, the drop was directly 27%, and in October it was even more brutal, nearly 30% in a single day, evaporating almost a third of the market value in one day. Many traders would turn off the lights and eat noodles 🍜 as soon as they saw Powell speaking. The only exception was a small increase of 15% in May, which in hindsight seems like a fleeting illusion!
Clearly, this time the market is betting on interest rate cuts, with probabilities rising to 89%, and BTC has already increased a bit in advance, but the old players are all panicking 🤯 After all, every time this year has been 'buy the expectation, sell the fact'; once the good news hits, the market crashes, and when Powell opens his mouth at the press conference, volatility goes through the roof, and pullbacks are never absent.
Now BTC is hovering around the 90,000 mark, and tonight the last FOMC meeting is upon us 📅 Will it break the curse of 6 drops or continue to replay history? I really can't guess… I suggest everyone watch with light positions and not to gamble heavily, after all, in front of the Federal Reserve, all technical analysis could be turned to dust in an instant!
#美联储FOMC会议 #比特币波动性
The Federal Reserve's FOMC meetings are like BTC's 'monthly calamity day' ⚡️ This year there have been 7 meetings, and surprisingly 6 of them caused Bitcoin to plunge, which is more accurate than guessing on an exam…
In January, the drop was directly 27%, and in October it was even more brutal, nearly 30% in a single day, evaporating almost a third of the market value in one day. Many traders would turn off the lights and eat noodles 🍜 as soon as they saw Powell speaking. The only exception was a small increase of 15% in May, which in hindsight seems like a fleeting illusion!
Clearly, this time the market is betting on interest rate cuts, with probabilities rising to 89%, and BTC has already increased a bit in advance, but the old players are all panicking 🤯 After all, every time this year has been 'buy the expectation, sell the fact'; once the good news hits, the market crashes, and when Powell opens his mouth at the press conference, volatility goes through the roof, and pullbacks are never absent.
Now BTC is hovering around the 90,000 mark, and tonight the last FOMC meeting is upon us 📅 Will it break the curse of 6 drops or continue to replay history? I really can't guess… I suggest everyone watch with light positions and not to gamble heavily, after all, in front of the Federal Reserve, all technical analysis could be turned to dust in an instant!
#美联储FOMC会议 #比特币波动性
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