What are your thoughts? What are you doing with your trades/investments today?

Jerome Powell is currently speaking about the Federal Reserves update.

From CNBC

Fed announces two new repo facilities

Along with Wednesday’s policy statement, the Federal Reserve announced the creation of two repurchasing agreement facilities to add stability money markets.

One facility will be a standing program aimed at U.S. market participants, while the other will be aimed at foreign participants and other central banks. Repo facilities let financial institutions park high quality assets, such as Treasury bonds, at the Fed in exchange for liquidity.

“These facilities will serve as backstops in money markets to support the effective implementation of monetary policy and smooth market functioning,” the Fed said in a statement.

— Jesse Pound

Bitcoin could be breaking out of this ascending triangle to test the January High.

Foot Guns

Bitcoin's response to the Fed meeting