The Federal Reserve delivers its interest rate decision this Wednesday at 2 PM ET followed immediately by the FOMC statement and the updated dot plot. Chair Powell speaks at 2:30 PM ET a window where markets typically react the fastest.
Let's talk about the Federal Reserve's interest rate meeting on December 9th. Will the cryptocurrency market rise or fall!
I asked GROK, and the probability of a rate cut is 82%, which means it's basically certain.
Since it's certain, it shows that the market has sufficient expectations and will not immediately change the current trend.
The main tone of this period is to maintain a fluctuating market around Christmas, around December 25th.
Bitcoin mainly revolves around the support level of 80,000, fluctuating in the large range up to 95,000.
Currently, it is not visible that it will break below 80,000, unless a major event occurs that affects the driving factors; otherwise, it is not possible to see a new low in the short term.
The main focus is on the new Federal Reserve chairman opening up new imaginative space for narrative expectations.
So the strategy design is easy to respond to, mainly low long and high short. #美联储重启降息步伐 #美SEC推动加密创新监管 $ETH {future}(ETHUSDT) $SOL {future}(SOLUSDT) $BTC {future}(BTCUSDT)
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LUNA tokens skyrocketed with the news of Do Kwon. LUNA Classic has already doubled as Do Kwon faces a possible 12-year prison sentence, with the DOJ seeking the maximum penalty. Both $LUNC and $LUNA increased with the news. In detail, LUNA rose by 8.13% in 24 hours, reaching $0.1133, with a 60.53% increase over seven days and 50.97% over a month. The burning of tokens has intensified demand, with more than 959 billion LUNC burned in December, including 182.09 million burned on Friday. Do Kwon's sentencing is scheduled for December 11, and U.S. prosecutors have recommended a 12-year prison sentence. However, the South Korean court has requested a 40-year sentence.
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Recently, many in the circle are talking about new narratives, but it's quite rare for someone to dare to take the 'Era of Public Shareholding' as a structure, like @BUYCOIN Global . On December 7th, @Hollow Y will host an AMA, specifically discussing how their set of rules is put on the chain and how the structural design actually works. 📅 December 7th at 20:00 (UTC+8) 📍 Binance Square · @小鳄鱼 China I will go to listen, and take a look at whether this thing is seriously structured, or just nicely packaged. Those interested can make an appointment together. Reserve for the live broadcast👇 🎙 BUYCOIN SHOW|Web3 ecosystem chat about the Era of Public Shareholding #小鳄鱼ChinaAMA #BUYCOIN 🎙 BUYCOIN SHOW|Web3生态畅聊全民持股时代