The Federal Reserve is set to announce its latest interest rate decision at 3 AM tomorrow, with futures markets indicating a 95% probability of no rate cut. While gold has reached new highs and major speculative markets are seeing gains, the cryptocurrency market remains sluggish. Bitcoin faces strong resistance at the $90,000 level, with continued capital outflows.
In community discussions, sentiment varies: the Chinese community is optimistic, predicting highs for Ethereum and silver, while the English-speaking community remains cautious, with many looking to short on rebounds. Options data reveals a bearish sentiment, with 35% of trades being put options, a slight decrease in implied volatility, and a positive skew, suggesting that market participants are betting on a short-term rebound around $90,000, despite the overall bearish outlook.
Fed Rate Decision Anticipated; Crypto Market Faces Pressure
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