Bitcoin: Pre-FOMC

Market Reaction to FOMC - The market tends to react to FOMC announcements, often with an initial reaction that is the opposite of the eventual trend [1] - The initial market reaction to FOMC news is often a liquidation event designed to clear the way for the true direction [2] - Observing the initial reaction to FOMC announcements may provide insight into the actual market direction [3] Bitcoin Trading Strategy - Bitcoin's price action often reverses after the initial reaction to FOMC announcements [2] - A Bitcoin rally into FOMC news may be followed by a dump, and vice versa [2]