Fed Rates Unchanged: BTC Technical Analysis and Warsh Effect
BTC/USDT
$12,470,599,921.00
$77,600.00 / $75,876.29
Change: $1,723.71 (2.27%)
+0.0047%
Longs pay
Contents
The US Federal Reserve (Fed) kept the federal funds rate steady in the 3.50%-3.75% range, as fully expected by the markets. This decision, marking Jerome Powell's last meeting in the chairmanship seat, reflects the officials' efforts to balance persistent inflation pressures with signals of slowing growth. In the policy statement, the bank emphasized that it will assess the timing of additional adjustments based on data flows, the evolution of the outlook, and the balance of risks. Four members dissented from the decision: Stephen Mirran wanted a 25 basis point cut, while Beth Hammack, Neel Kashkari, and Lorie Logan advocated removing the bias toward maintaining rates.
How Has BTC Price Changed After the Fed Decision?
Bitcoin (BTC) current price is at 77.268,55 dollars, up 1.54% in the last 24 hours. RSI at 58.56 is in the neutral zone, trend sideways but Supertrend giving bearish signal. EMA 20: 75.706 dollars. Markets are cautious; BTC detailed analysis supports and resistances are critical.
- Supports: S1: 71.926 dollars (Strong, 75% score, -6.95 distance | Fib 0.382, SMA 100)
- S2: 75.669 dollars (Strong, 71% score, -2.11 distance | EMA 20)
- Resistances: R1: 79.439 dollars (Very Strong, 91% score, +2.77 distance | Fib 0.618)
- R2: 77.692 dollars (Strong, 64% score, +0.51 distance | LV)
US stocks experienced slight losses, Nasdaq fell 0.35%. After Powell's term ends on May 15, the June meeting will likely be led by Kevin Warsh; Warsh passed the Senate. Treasury yields rose: 10-year to 4.40 (+5 bp), 2-year to 3.93 (+9 bp). Oil WTI at 105 dollars/barrel peak, triggering inflation.
Critical Support and Resistance Levels for BTC
Hawkish voices (three dissents) indicate Warsh will make cuts difficult. Fed's inflation-growth balance is creating volatility. Investors are looking for tips on BTC futures; altcoins like H will also be affected.
Frequently Asked Questions About BTC and the Fed Decision
When will the Fed rate cut come?
Data flow dependent; hawks are showing resistance, Warsh era uncertain.
Will BTC break the 77,000 resistance?
R2 77.692 strong, RSI neutral; sideways trend may continue.
How do oil prices affect BTC?
High energy costs fuel inflation, keep Fed tight, pressure on BTC.