đ„ BULLISH on FOMC: Rate Cut to Ignite Crypto Rally! đ
Quick Schedule (ET / UTC-4):
âą 1 hour ago (1:00 PM): Consumer Confidence (Oct) released â held steady at ~102, easing recession jitters and supporting risk-on vibes for BTC/ETH. 23
âą Now (2:00 PM): FOMC Rate Decision hits â 25bps cut to 3.75-4.00% range locked in at 99.9% odds (CME FedWatch), second trim since Sept pivot. 0
âą 30 min later (2:30 PM): Powellâs Presser â key for dovish hints on Dec cut (~95% priced); watch labor softness amid shutdown delays â bullish if he flags more easing. 5
âą Tomorrow (Oct 30, 8:30 AM): GDP Q3 advance est. +2.5% QoQ; could confirm soft landing, boosting alts if it beats â but revisions loom from data fog. 23
Textbook 25bps slice ahead amid cooling CPI (~3%) and steady claims â no crash in sight, just liquidity love for high-beta plays like crypto. BTC eyes $120K breakout post-Powell if he nods to 2026 dovishness; ETH/XRP range-bound but primed for volatility pop. Shutdown haze adds edge, but this screams risk-on: Bitcoin to new ATH in Nov? Bullish af â load up on dips! đđ