Another night of red engulfing the market as $BTC tests the support zone at $103k. This drop has divided the crypto community into two factions ahead of the FOMC.
One faction believes this is a "dip" before Powell's speech early tomorrow morning, with the prospect of interest rates being reduced.
Meanwhile, the other faction thinks that last night's shock drop is a warning for a continuing downtrend in the short term, as the market's expectations have yet to be met by the Fed.
Which side are you on?
