[10/16/2026, 14:54 UTC+8] Fed's Wash speaks, what signals are being sent? How to position for Bitcoin? Check it out now

1. In the morning, the Chairman of the Federal Reserve attended the IMF annual meeting in Bangkok and delivered a speech with a neutral tone, offering no indication of whether interest rates would be raised in October. Given his historically hawkish statements, not being hawkish under the current backdrop of high U.S. inflation is actually positive news. 2. Additionally, Wachter expressed a positive outlook on artificial intelligence, stating that AI could enhance economic efficiency, providing support to the technology sector to some extent. As of this writing, CME's market forecast shows only a 15% probability of a rate hike in October. Combined with the above, my view remains consistent with yesterday’s: the Federal Reserve is highly likely to hold steady this month, pushing the rate hike window to December. 3. Regarding Bitcoin, it continues to oscillate and consolidate around key daily support/resistance levels. With expectations of no rate hike from the Fed this month and downward pressure on U.S. Treasury yields, both equities and cryptocurrencies are poised for a rebound. Technical indicators show bullish patterns across timeframes exceeding two days. The long position in the 80,000–81,000 range, previously recommended, remains open. The current plan is to maintain the position unchanged, with targets still set at 84,000–86,500.