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9.15｜BTC and ETH Morning Session Thoughts
The FOMC day strategy is very clear: mainly short at high levels, never chase longs before the decision is announced
$BTC is currently around 77800-78200, after rising from 76400 to 79600 on Monday, it was pushed back. The issue is not the candlestick but that the rate hike is almost fully priced in, longs are still betting on "hawkish to dovish" after the hike, and funding rates remain positive. The biggest risk in this structure is not the rate hike
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