#BTC Powell’s April 29 FOMC Meeting: Key Takeaways


At 2:30 AM, the final press hearing is about to begin—Bitcoin is set to receive crucial guidance.

This FOMC decision to keep interest rates unchanged is effectively a foregone conclusion, with essentially no suspense in the market. The key is how Powell frames his remarks—according to his governing style, he will likely deliver dovish messaging, completing the power handover in a steady manner.

To smooth the path for his successor, Waller, Powell is inclined to preserve expectations of a loose market, and he will not deliberately engineer market turbulence.
Based on historical patterns, after the previous 9 FOMC meetings, BTC declined 8 times—so there is a short-term risk of a “good news already priced in” pullback.

On the trading dashboard, focus on the institutional cost-support zone of 77000-79000. With “normal” remarks, it is unlikely to break below; if he unexpectedly releases hawkish language and brings up inflation risks again, the market may probe lower toward 75000.

From a long-term perspective, what’s even more worth watching is Waller’s official start in May. If he endorses the inclusion of digital assets in the financial system, future monetary policy may also take into account liquidity for the crypto market—this is the real long-term positive for the crypto space.
$BTC $ETH $GT
BTC-1.24%
ETH-1.37%
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