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FOMC rate cut coming up today and everyone on CT is calling for a massive pump. But let’s be real for a second.
Check the last few FOMC reactions:
• June 18: BTC dumped 7%
• July 30: dumped 6%
• Sept 17: dumped 9%
• Oct 29: dumped 12%
Every time people expected a pump… the market did the opposite.
Yes, a rate cut is almost guaranteed but that also means it’s already priced in.
If the pattern plays out again, a move toward ~$88K wouldn’t be surprising.
Don’t get trapped in hype. Stay level-headed.