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$BTC The focus of the market is the results of the Fed meeting. They will be announced later this evening. The consensus suggests a hawkish 0.25 percentage point rate cut. Probability is 89.9%. Traders have been pricing in this reduction for already 2 weeks. It is already in the market. However, the degree of firmness in the central bank chief Jerome Powell's press conference is in question.
Market participants fear that Powell will derail BTC's recovery. This could happen if he continues to emphasize tariff inflation risks. He will also need to justify the December rate cut. If Powell is tough, it is crucial not to fall below the range of $85 000 — 90,000 for Bitcoin. These are the key levels.