The interest rate hike has landed.
A classic case of bad news being fully priced in, yet the market didn’t fall.
$BTC, $ETH, and $ZEC were all expected to face a major market crash, but instead, they held steady without a sharp drop.
Bad news that everyone knows often ceases to be bad news.
The long-anticipated interest rate hike expectations have mostly been priced in by the market in advance. When it actually happened, there was no panic selling.
Especially ZEC, which has broken through to new highs again. BTC and ETH didn’t take off immediately, but at least they didn’t follow the bearish script.
The expected crash didn’t come, gradually wearing down the bears’ patience.
What’s worth watching next isn’t the rate hike itself, but how the market trades this outcome.
The bad news landing is just the first act.
Just lying low and watching the show continue.
The above is just my personal rant and does not constitute any investment advice!
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