Some quick perspectives after the recent FOMC news:
At first, the price did not fluctuate significantly like a month ago (even though the FED also lowered the interest rate by 0.25 points), indicating the crowd's hesitation.
But an important point to note is that 30 minutes after the news, there was a speech by FED Chair Mr. Powell. He cautiously stated, "uncertain about the possibility of lowering interest rates in December."
Fed Chair Jerome Powell mentioned that additional interest rate cuts in December are not guaranteed, contrary to market expectations.
He emphasized the need to "return to a neutral policy" and hinted at divisions within the Fed.
👉 Immediately after the announcement, gold prices and $BTC dropped sharply!
What do you think, is it still uptrend?
BTCUSDT
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