NewsMV
Wednesday's Federal Reserve rate decision is the event in focus for $BTC, which is trading below $76,000 with price support around $68,000.
Markets are pricing a 93% probability of a 0.25% rate hike, and analysis is discounting the odds of a dovish surprise. The 93% probability figure is what sets the terms of the trade.
When consensus is that tight, the decision itself rarely shifts the tape on its own.
What matters is whether Fed communication after the vote introduces any change in the rate outlook, because that is where the surprise value lives.
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