According to Cas Abbé, the Altcoin market cap has retested its 2021 highs and has been consolidating for nearly two months. Despite bullish events such as Trump's cryptocurrency purchases and the approval of Altcoin ETFs, these have not yet been reflected in the market. The upcoming FOMC meeting is expected to have a bullish tone from Powell, which could potentially trigger a reversal in Altcoin prices within 8-10 days.

According to Liquidity Doctor, a Bitcoin long position was closed with a profit of $4.44 in anticipation of a potential dip following the upcoming FOMC meeting. The strategy involves re-entering a long position if a dip occurs, indicating a tactical approach to trading around economic events.