Matrixport: The US Federal Reserve has paused, but the market is under pressure - the pattern for BTC is repeating.
The last Fed meeting brought the expected rate cut, but it was the tone of the Fed that became the main surprise. #Matrixport believes that instead of a clear easing plan, Powell gave the market a more alarming message:
- the course of further rate cuts remains uncertain;
- the market, according to the Fed, has not yet fully priced in this uncertainty;
- the first signs of weakness in the labor market are already visible.
The bottom line, analysts believe, is that the macroenvironment is becoming much tougher than at the beginning of the year, and risks are rising faster than the market anticipated.
Headlines about "expanding the Fed's balance sheet" do not impress analysts either; in their assessment, the reality is as follows:
- liquidity in the crypto market remains constrained;
- retail activity is minimal;
- political restrictions will hinder the Fed from acting as aggressively as before.
This creates a more complex market: now not just trends are important, but precise positioning and risk management. Conclusion: consolidation - and possibly a deeper correction - is likely to continue.
Matrixport emphasizes: even if this is not a full-fledged bear market, the phase of "simple bullish following" has ended. Now begins a phase where flexibility and strategy matter, not inertia.
