Fed Day. Powell's Last Meeting. BTC at the Edge.
Today is the day the market has been watching all week.
The Federal Reserve's FOMC decision drops today, April 29 — Jerome Powell's final meeting as Fed Chair before his term ends on May 15. The Fed is expected to hold rates steady at 3.75%. But in crypto, it's never about the decision itself — it's about what Powell says next.
Here's where things stand:
Bitcoin is trading between $76,700 and $77,800, consolidating after failing to hold above $79,000 resistance. Key support sits at $75,000–$76,000; resistance remains $78,000–$80,000.
ETH pulled back to around $2,278–$2,303, down roughly 2.8% from Monday's open, as crypto investors remain cautious ahead of the Fed decision.
Why today is make-or-break:
There's a pattern worth knowing. Bitcoin has fallen after seven of eight FOMC meetings in 2025 — a consistent "sell the news" pattern regardless of whether the Fed held or cut rates. That same pattern repeated in January and March 2026. History says be careful.
But there's a flip side. If the Fed sounds more balanced or concerned about growth rather than inflation, BTC and ETH can rebound as yields ease. A dovish tone from Powell's last press conference could be the catalyst that finally breaks BTC above $80,000 — and the $2.25B in shorts sitting above that level would do the rest.
Thursday also brings Q1 2026 GDP data and March PCE inflation figures — so even after today's Fed decision, volatility isn't going away this week.
Quick levels to watch today:
SupportResistanceBTC$75,000–$76,000$78,000–$80,000ETH$2,250$2,350–$2,400
My read: Position sizing matters more than direction today. FOMC days are binary events — the market can rip or dump within minutes of the 2:30 PM ET press conference. If you're active, keep stops tight and let Powell speak before adding size.
The medium-term picture hasn't changed. Liquidity conditions are aligning for BTC for the first time since it peaked in October 2025. Whether today confirms that or delays it by a few weeks is what we'll know by tonight.
📊 Snapshot — April 29, 2026
BTC: ~$77,000 | ETH: ~$2,290 | SOL: ~$83
Fear & Greed: recovering toward neutral
Biggest event: FOMC 2:30 PM ET
If you want to be positioned and ready to move when Powell speaks — having your account live and funded matters.
👉 Start on Binance — the deepest crypto liquidity on Fed Day
New to Binance? Takes about 5 minutes to set up. Worth doing before 2:30 PM ET today.
Not financial advice. Crypto is volatile — never trade more than you can afford to lose.