The crypto market is on edge as the Federal Reserve concludes its two-day FOMC meeting today. Here's what traders need to know:
🔍 Current Market Sentiment:
Interest Rates: The Fed is widely expected to keep rates steady at 4.25%–4.50%, with a 94% probability of no change .
Bitcoin Price: BTC is hovering around $94,000, showing resilience amid market uncertainty .
📈 Potential Scenarios Post-FOMC:
Dovish Tone: If Fed Chair Jerome Powell hints at future rate cuts, BTC could rally towards the $100,000 mark.
Hawkish Stance: A focus on controlling inflation without signaling cuts may push $BTC down to support levels around $91,500 .
📊 Key Levels to Watch:
Support: $91,500
Resistance: $100,000
🕒 Powell's Speech:
Scheduled for 2:00 PM ET today.
Traders should brace for volatility during and after the announcement .
💡 Trading Tip:
Avoid high leverage and set stop-loss orders to navigate potential market swings.
Stay informed and trade wisely!
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