FOMC minutes keep Fed rate for 3.5–3.75% as BTC slip under 20-day MA
Di FOMC minutes confirm say Fed go keep di federal funds rate for 3.5%–3.75% and still dey pursue di long-term goals of maximum employment and 2% inflation. Even though people don already price am in, BTC still dey very volatile around di announcement and Chair Powell own press conference.
BTC drop to intraday low of $74,937 and small fall under di 20-day moving average. Traders dey see potential “support-to-resistance” risk if BTC no fit reclaim/close back above di 20-day MA, wey fit pressure short-term momentum.
Derivatives positioning turn cautious before di minutes. Di article mention say open interest rise after dem push toward $79,000, while funding rates mostly neutral and spot vs futures activity dey diverge. Dis one align with short-term profit-taking and stop-driven flows rather than broad conviction selling. Reported weak demand make sustained upside harder.
On structure, di $65,000–$70,000 zone dey highlighted as key support/accumulation area, supported by institutional inflows into spot BTC ETFs and higher CME open interest.
For traders, di setup dey choppy: macro uncertainty (Fed hold + geopolitical risk) dey add volatility, overhead resistance still dey, but ETF-related accumulation suggest say dips fit find buyers near $65K–$70K. Keep eye on BTC ability to reclaim di 20-day moving average for near-term direction.
Neutral
The Fed hold (3.5%–3.75%) dey supportive in the sense say e match expectations, but the immediate reaction show BTC weakness: e break under the 20-day moving average and no fit regain am during the event window. That one point to near-term bearish technical pressure.
However, the derivatives and flow details mixed no pure negative. The article talk say open interest dey rise and funding neutral, wey consistent with position reshuffle and stop-hunt behaviour, while institutional spot BTC ETF inflows and higher CME open interest dey support one defined accumulation band for $65,000–$70,000. This one likely go cushion deeper downside and fit turn weakness to consolidation.
Overall, the event go increase short-term choppiness and keep upside capped near resistance, while the ETF-backed accumulation zone reduce the probability of extended sell-off. So the net impact on BTC price expected to be neutral (with short-term downside risk).