727 FinancePANews October 20 news: In its latest weekly market report, Wintermute stated that with the Federal Reserve meeting and midterm elections approaching, implied volatility is at a low level, and BTC's trading range around $82,500 is expected to soon see a breakout, though the specific direction cannot yet be determined. The Federal Open Market Committee (FOMC) meeting on October 28 is most likely to be the node that breaks the deadlock, and the outcome could lead in sharply different directions: if the Federal Reserve keeps interest rates unchanged but adopts a hawkish stance, the market will price in expectations of a December rate hike in advance, causing yields to rise, which in turn will put pressure on the Nasdaq index and drag Bitcoin prices lower; conversely, if the Federal Reserve takes a cautious stance and third-quarter earnings exceed expectations, the aforementioned pressure will be alleviated, thereby creating room for bulls to push the price above $87,000.
PANews October 20 news: In its latest weekly market report, Wintermute stated that with the Federal Reserve meeting and midterm elections approaching, implied volatility is at a low level, and BTC's trading range around $82,500 is expected to soon see a breakout, though the specific direction cannot yet be determined. The Federal Open Market Committee (FOMC) meeting on October 28 is most likely to be the node that breaks the deadlock, and the outcome could lead in sharply different directions: if the Federal Reserve keeps interest rates unchanged but adopts a hawkish stance, the market will price in expectations of a December rate hike in advance, causing yields to rise, which in turn will put pressure on the Nasdaq index and drag Bitcoin prices lower; conversely, if the Federal Reserve takes a cautious stance and third-quarter earnings exceed expectations, the aforementioned pressure will be alleviated, thereby creating room for bulls to push the price above $87,000.