🚨🚨FED cut rates crypto market reacts 🚨🚨🚨
Bitcoin briefly spiked past $94,000 on the Fed's rate cut announcement before retracing below $92,500, a classic "sell the news" event.
• Technicals: BTC is facing key resistance at $94,000. The RSI is neutral at 55, while a potential bullish EMA crossover on the 4-hour chart is forming.
• Catalysts: The widely expected 25 basis point rate cut was already priced in. The Fed's cautious forward guidance tempered initial bullishness.$BTC
BTCUSDT
Perp
90,281.6
-2.38%
