The Fed cut rates by 25 bps at the FOMC. Powell is basically repeating the same message again. The labor market is weak, inflation is still elevated, and there’s no risk-free path ahead. Rates are now in a neutral range.
Powell also said T-bill purchases will stay elevated for a few months, and that a rate hike isn’t anyone’s base-case scenario, even though everyone agrees inflation is running hot.
CoinQuest
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CoinQuestFamily, the FOMC rate cut decision is coming today at 2pm ET. The market is pricing in a 95% chance of a 25 bps cut. Powell’s press conference starts at 2:30 pm ET, and that’s the real event to watch.
Some banks are expecting a dovish Fed since QT has ended, but others are still expecting a hawkish tone because inflation is above the 2% target. BTC has dumped after the last 4 FOMC meetings the last one even caused a 30% dump when Powell turned hawkish.
→ First resistance sits near 0.02980 for a minor retest. → A clean break above 0.03189 opens the 0.03320 – 0.03600 zone. → If momentum stays strong, extension toward 0.04200+ becomes possible.
Why This Structure Looks Bullish
1. OL delivered a strong upside move from the 0.020 zone with a clear momentum shift.
2. Price broke above short-term resistance with a clean surge in volume.
3. Buyers stepped back in after a healthy retest, confirming demand.
4. The 1H chart is forming higher lows, supporting continuation.
5. Price is reclaiming the mid-range and holding above 0.026, keeping control with buyers.
Market View
As long as OL holds above the 0.02480 support area, the bullish continuation structure remains intact. A confirmed break above 0.03189 can trigger the next leg higher toward new short-term highs.
Your Thoughts?
Do you think OL can push into the 0.03600+ zone next, CoinQuest? #ol
CoinQuestFamily, the FOMC rate cut decision is coming today at 2pm ET. The market is pricing in a 95% chance of a 25 bps cut. Powell’s press conference starts at 2:30 pm ET, and that’s the real event to watch.
Some banks are expecting a dovish Fed since QT has ended, but others are still expecting a hawkish tone because inflation is above the 2% target. BTC has dumped after the last 4 FOMC meetings the last one even caused a 30% dump when Powell turned hawkish.
CoinQuestFamily, this post clearly explains what’s going on in the market right now. BTC is still controlling the whole space, and because of BTC dominance, most altcoins are either consolidating or giving fake moves. This phase is all about patience and smart positioning.
The market is not bearish it’s preparing. Liquidity has already been grabbed, weak hands are shaken out, and price is moving slowly on purpose. This is where emotional traders get trapped and disciplined traders get rewarded.
If BTC holds its structure and confirms continuation, alts will follow aggressively. That’s why blindly chasing pumps right now is risky wait for confirmation, follow structure, and manage risk properly.
Key points to remember: • Don’t trade emotionally • Follow price action, not hype • Patience = profit • BTC dominance matters a lot
Those who stay calm in consolidation phases usually win big in expansion phases. Smart money is patient be smart.
Stay safe, stay disciplined, and keep learning. More updates coming soon 🚀