$BTC BTC – What next after the Fed's decision?
Today the cryptocurrency market trembled slightly, but without fireworks. Bitcoin dropped to around 103,937 USD, marking a slight decline of about -1.9%. The main reason? The Fed did not change interest rates, which was rather expected – but the lack of clear signals regarding future cuts left the market in limbo. For BTC, it's like waiting for a signal to attack – but it didn't come.
In the short term, we have classic 'range trading', meaning fluctuations between 102–106k. For traders, these are ideal conditions for quick moves with tight SL and TP. But long-term? No rate hikes = relief, and potential cuts in the coming months could provide a boost for increases.
If the Fed starts cutting rates – BTC will soar like a slingshot. For now, we wait, but positioning for Q4 might pay off. 📉📈