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In 3 days, the FOMC interest rate decision will take place, and it is almost certain that we will see a 0.25% rate cut.
Interestingly, in the last three FOMC interest rate decisions, we saw two rate cuts, on September 17 and October 29. On July 30, there was a decision as well, but the rate remained unchanged.
It’s also worth mentioning that in all three cases, the market was trending upward in the lead-up to the FOMC decision, followed by a decline after the announcement.
In my view, this could mean that Bitcoin may still move higher over the next 3 days, after which a sell-off to lower prices could occur.
Will we see a classic buy the rumor, sell the news event this week?