BTC news reportFully taking into account the market's confidence that the rate hike will further slow to 25 basis points, the response to the login password market is likely to be any kind. Recently, it has become a situation that landing in the password market will adjust the trend only after digesting the results of the rate hike announced at the Fed meeting and the Fed Jerome Powell's subsequent speech. Therefore, it is best to wait for some time after Powell's speech, and then take a bitcoin trading position. In this way, the market will stabilize at that time, and variability has already been recorded in the price.

The market, whether mysterious or individual, is likely to react strongly to the Fed meeting's forecast analysis of future interest rates. Traders will pay close attention to any signs that the Fed meeting may turn in 2023. The Federal Reserve Conference Federation's future outlook for the unemployment and inflation database will be important.

Powell's speech: reflection of BTC

The secret price is up or down, only because of Powell's remarks and plans to manipulate inflation in the coming months. This is also taking full account of the market consensus that the Fed will raise interest rates by 0.25% at its meeting, which will mean a slowdown after a series of 75 basis points rate hikes in 2022. Raising interest rates by 25 basis points will result in interest rates ranging from 4.50% to 4.75%. The Chicago Mercantile Exchange, the Fed's special observation tool, now expects 99.3% confidence to raise interest rates by 25 basis points.

In addition, the price of BTC is highly uncertain, although it trades locally near the $23000 mark. According to CoinGape Price tracking, as of this writing, the price of Bitcoin was $23006, down 0.77% in the past 24 hours.