BlockchainFoodie
Last night, the Federal Reserve's 25 basis point rate cut was basically the final move. The interest rate range is now stuck at 3.50% to 3.75% — the market had already anticipated this.
But look at BTC's reaction—it's classic: as soon as the news broke, it shot up near $94,500, and at that moment, the bulls were on fire. So what happened? The "buy the rumor" frenzy hadn't even ended, and the "sell the news" selling pressure came crashing down. From the high to now, it has dropped nearly 5,000 points, with the support levels at 92,000 and 90,000 consecutively broken. Currently, it hovers around
But look at BTC's reaction—it's classic: as soon as the news broke, it shot up near $94,500, and at that moment, the bulls were on fire. So what happened? The "buy the rumor" frenzy hadn't even ended, and the "sell the news" selling pressure came crashing down. From the high to now, it has dropped nearly 5,000 points, with the support levels at 92,000 and 90,000 consecutively broken. Currently, it hovers around
BTC-2.49%