📰 Bitcoin Shakes as Powell Pauses: What’s Coming Next?
1. 🏛️ Fed Holds Rates – $BTC Traders Reassess the Path Ahead
During the July 30 FOMC meeting, the Federal Reserve held interest rates steady at 4.25–4.50% — the fifth consecutive pause since December 2024.
Fed Chair Jerome Powell adopted a cautious tone, saying the outlook remains “data-dependent” with no firm decision on rate cuts before September.
Interestingly, two Fed governors, Michelle Bowman and Christopher Waller, dissented, calling for immediate rate cuts due to weakening labor data.
2. 📉 Crypto Market Reaction: Risk-On… or Risk-Off?
Bitcoin (BTC) is trading near $112,960, drifting slightly lower post-announcement as investors digest mixed signals.
Altcoins show uneven performance, as broader uncertainty, tariff-driven inflation, and macro fears keep traders defensive.
Even Trump added fuel to the fire — calling Powell a "stubborn MORON" on Truth Social, which caused a brief spike in risk appetite before settling.
🔍 Why It Matters
Rate cut probability for September has now dropped to ~43–47%, down from over 60% last week.
Non-farm payrolls for July rose only ~73,000, with unemployment edging up to 4.2%, giving doves more ammo inside the Fed.
Tariff fears and inflation concerns are front and center — Powell acknowledged these as key reasons for staying cautious.
📈 Where Bitcoin Stands
Zone Analysis
Current ~$112K–$113K
Resistance ~$118K–$120K (May–July high zone)
Support ~$112K and ~$110K
A dovish surprise or positive economic data could send BTC soaring. But if support breaks, we may test deeper correction levels.
🔮 What’s Next: Key Catalysts to Watch
🧭 Developments:
Core PCE, CPI, and jobs data (August–September)
Powell’s next speech at Jackson Hole
U.S. digital asset policy updates
🧠 Scenario-Based BTC Strategy
Scenario Likely BTC Behavior Trigger
Inflation cools Rally toward $118K–$120K Lower CPI/PCE
Strong data persists Sideways to slight dip Hot labor or inflation numbers
Regulatory clarity Sharp upside breakout Pro-crypto policy announcement
💬 Final Thought
Bitcoin is back in the Fed’s shadow — and traders should stay alert for sudden pivots, both in policy and price action.
Whether Powell blinks or not, the market is watching every signal.
📣 What’s your play here? Holding, buying dips, or waiting for confirmation?
#JeromePowell #CryptoNew #CryptoMarketUpdates #FOMCMeeting🔥 #BTC☀️ #ETH
