🚨LIVE FOMC: Bitcoin Breaking Point?

SPEAKER_1 (0:00)

Oh, I love that intro. Welcome to We're All Going to Die Wednesdays, the live FOMC interest rate decision happening now. We're going to see if the interest rate hike is true. We're seeing some very interesting developments, a little bit of changes to the expectation about what the federal chair, Kevin Warsh, is about to do to the markets. And days like today are when I realize how much I miss Mr. Jerome Powell.

He used to say stuff that was just really memorable. It would stick with you. And now I just, Kevin Warsh is always looking for some task force or some more data to look at things and get a better perspective. But Iran decided to step into the mix, throw a little bit of shade at the United States right before this meeting. Iran mocked the US by saying interest rate hikes cannot reopen the Strait of Hormuz. One sentence explains the Fed's biggest problem right now. The Federal Reserve expected to hike those rates by 25 base points today. As it tries to bring inflation back under control, the markets are pricing in a 90% chance of a hike. We've actually seen the chances of a hike pull back just a touch. Just a few minutes ago, they did drop below 90%. So I want to take a look at that. Interested in your thoughts and comments on if the hike is coming? The most bullish thing that I can see for Bitcoin right now is them pausing, holding interest rates where they're at for time being now chaos is coming to this chart on Bitcoin. Absolutely. Dip down to about $75,300. This is a one-minute candle because this is where the deep alpha lives on FOMC day is those one-minute candles. The charts about to get really, really crazy. I highly suggest being careful out there. If you are using leverage right now, I know it's enticing. I know the gains in the chaos is enticing, but I will say, like Skoda says, some are buying the dip and others are going to get liquidated in the rip, right? So just be careful out there. What's up, Alden? Good to see you. Hello, Crypto brothers. Where are you from? Let me know where you're from. In the chat, let me know where you're watching this show from as well. Bitcoin charts starting to look a little bit spicy. Hasn't broken structure yet. And really the main thing that I'm kind of vibing with here, looking for that golden pocket to be retested. Potentially today, that golden pocket level, I believe, is still marked out here. I might have to redo the fib. I deleted it. You know what I just did is I did some deep alpha, deep long-term alpha on the economy in a video that's coming out tonight, so changed up a little bit of the parameters of what I'm looking for. Fib retracement from this recent local high to the low would bring us to the golden pocket of around 73.5, which is where you can see that little stumble step is, and Bitcoin's price action, before we crater down to that $57,000 mark.

50 base points, that would be lit. That would be lit. 50 base points would be excellent. That would, the shock and awe of 50 base points would be absolutely incredible. Incredible. Fargo-ish. Shout out. I got a lot of family up in Bainville.

Bainville, Montana, real close to Fargo. Shout out. Hershey, Pennsylvania. Bitcoin to 60k. You know what? I welcome the fact. Bitcoin to 60k, bring it on. My body's ready. Now, 60k, kind of a stretch. I mean, maybe we get there. There's quite a big volume node, and at least a very vicious bounce point at 67 Should we cut right through this golden pocket at 74? But I do see some bounce to the ounce at 73, 74 for Bitcoin. Should we fall down to that level? Yesterday was a total bummer for the markets that were trying to imagine Crypto Clarity Act was going to move forward. I don't know where people get the idea that I was calling for the Clarity Act to go through, actually. I was trying to debate Tim Warren on his show. He didn't want to do it on his show, but I wanted to debate. I wanted to debate because a lot of people were sure of themselves that this little Clarity Act was going to go through. It did not. It did not go through, and instead, Bitcoin decided to fall from $80,000 just about down to the lows overnight at 74.9. So we haven't quite tapped that juicy golden pocket. And as things sit right now, the liquidation levels are looking a little bit feisty. I'm not going to lie. 24-hour time frame, there is a $74,600 massive liquidation for longs that would occur. Let's get some refresh, fresh data. Look at them at the same. $74,600 on that nasty liquidation potential for the bulls here. Let's go back to Bitcoin price chart. Still really not much movement. These are four-hour candles. Lackluster. The fireworks have not begun yet. I do not call these candles fireworks. Real curveball wash lowers by half a percentage. That would be, I think that would actually be worse.