$BTC Just Broke $90k After Fed Decision 🚨
Bitcoin is holding its ground above $90,000 following the Fed's 25 bps rate cut. While the move initially pushed $BTC to $92,000, the market saw profit-taking and a broader pullback. Total crypto market cap dipped 3%, with large holders liquidating.
Traders were expecting a more dovish Fed, but mixed signals and news of $40 billion in Treasury bill purchases injected uncertainty. With no more cuts until January 2026, risk asset expectations are shifting.
$BTC faces resistance at $93,000-$94,000. The next key support is $88,000-$89,000. A bounce here could restart the rally, but a break lower could target $85,000.
On-chain data shows dip-buyers are stepping in. Realized losses are low, suggesting accumulation is underway. A decisive move past $95,000 is needed to confirm a new uptrend.
This is not financial advice.
#Bitcoin #Crypto #Fed #MarketAnalysis #Trading 🚀
