After the FOMC meeting and the rate cut decision, there is unlikely to be any major volatility in Bitcoin until November 13th. Therefore, we can expect to see some unusual movement starting tomorrow. However, as the weekend approaches, trading volume will likely decrease. Monday, Tuesday, and Wednesday should show some strength in the market.
What I'm observing is that, following the rate cut or whatever decision is made, we can expect only 1-5% volatility. After this, Bitcoin will likely experience a decline, which could either be sharp or gradual, continuing until the market closes for the weekend. As the market closes for two days, there will be little volume. If Bitcoin declines tomorrow, it will likely experience a pump on Monday to correct the oversold positions and bring them back to neutral zones. If Bitcoin doesn't experience a significant decline, we could see a continued decline from Tuesday onward.
If the market doesn’t decline tomorrow, the same movement will carry over into Monday and beyond, essentially just pausing for two days over the weekend.
So, the choice is in Bitcoin's hands, either tomorrow or Monday.
Furthermore, November isn't likely to mirror October in terms of returns. While there has been a lot of positivity in the market, November will reveal its own trends, and it may not be as profitable as anticipated.
#EmperorMajesty #MicrosoftBitcoinRejection #AltcoinsAreBack #FedRateStrategy #NovemberMarketAnalysis