📊 The market is waiting for the FOMC decision
Bitcoin and Ethereum are in a state of indecision as investors await information from the FOMC meeting. If the Fed keeps interest rates unchanged, the market may experience a slight recovery due to stable sentiment.
However, if there are signs of a "dovish" stance (leaning towards rate cuts), new capital may flow into crypto, providing momentum for BTC to break resistance and ETH to regain stronger upward movement compared to Bitcoin.
On the other hand, the DXY index (measuring USD strength) has now reached a strong support trendline that has been in place for 14 years. Therefore, it is quite likely that the USD will react strongly, and selling pressure may make it difficult for BTC and ETH to break through immediately.
In summary, a positive scenario for crypto depends on whether the Fed signals easing. The market is highly likely to experience strong fluctuations right after the announcement.
