$BTC Dumps or Pumps? Fed Rate Cut Sparks Chaos! 🚨
Bitcoin is hovering above $90,000, but the Fed's 25 bps rate cut just sent shockwaves through crypto. After a quick spike to $92,000, profit-taking kicked in, dragging the total market cap down 3%. Big players are cashing out! 📉
The Fed's stance wasn't as dovish as expected, and their $40 billion Treasury bill purchases are adding uncertainty. No more rate cuts until January 2026, so traders are rethinking their risk. $BTC faces resistance at $93K-$94K. The next crucial support? $88K-$89K. Hold this, and we could see a bounce. Break it, and $85K is on the cards.
But wait, on-chain data shows dip-buyers are getting interested! Realized losses are low, hinting at accumulation. Momentum is mixed, but a break above $95,000 could ignite a new uptrend. Keep watching!
Disclaimer: This is not financial advice.
#Bitcoin #Crypto #Trading #MarketAnalysis #Fed 🚀
