📰 Key Highlights: 🟡 “A cautious approach is appropriate amid uncertainty.” 🟡 Fed says it is well-positioned to wait for more clarity on the economic outlook.
📉 What This Means for Markets: ➡️ No immediate rate cuts on the table. ➡️ Fed prefers to wait and watch instead of rushing into decisions.#FOMC #BTC
Bitcoin has bounced back from support levels, as I anticipated. This move is primarily driven by short-covering, as many positions were closed over the weekend.
The CME futures market closed at $84,650, and any further upward push could trigger a corrective move to the downside. However, I don’t expect any major directional shifts over the weekend.
Altcoins in general will gradually benefit slightly from this slowdown in trend as I see a bounce on most of them. $BTC $ETH