Bitcoin and Ethereum traders should monitor ‘narrative whipsaw’ ahead of Fed meeting

Bitcoin is priced at 89,842 USD while Ethereum has reached 3,026 USD. With a 97% likelihood of unchanged interest rates, traders are cautious about narrative shifts surrounding labor statistics.

Attention focuses on how Fed Chairman Powell’s commentary on labor market conditions will impact Bitcoin, which may see bearish implications if he prioritizes employment resilience.

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