☄️TOMORROW WILL BE A VERY VOLATILE DAY FOR CRYPTO 🚨

TOMORROW AT 2 PM UTC THE FOMC'S DECISION ON INTEREST RATE CUTS WILL BE PUBLISHED.

AT THIS MOMENT, IT IS ALMOST CERTAIN THAT THERE WILL BE NO INTEREST RATE CUT, AND MARKETS HAVE ALREADY FACTORED THIS IN.

BUT THERE IS ONE THING THAT WILL BE THE MOST IMPORTANT.

POWELL'S PRESS CONFERENCE WHICH WILL TAKE PLACE 30 MINUTES AFTER THE FOMC DECISION.

SINCE THE LAST FOMC MEETING, INFLATION HAS DECREASED WHILE GDP HAS TURNED NEGATIVE.

BOTH OF THESE FACTORS COULD PUSH POWELL TO ADOPT A MODERATE STANCE, WHICH IS VERY ENCOURAGING FOR RISK ASSETS.

I BELIEVE THE FED MAY ALSO ANNOUNCE THE END OF QUANTITATIVE INTEREST RATES, WHICH HAS BEEN IN PLACE SINCE 2022.

OVERALL, IF THE FED SHOWS OPTIMISM REGARDING MARKETS, A REVERSAL OF ALCOINS COULD OCCUR.