Bitcoin golden cross fades as Fed rate cut bets cool

The bulls are hitting a wall just as the charts looked ready to pop. Bitcoin’s highly anticipated golden cross—a technical signal where the 50-day moving average climbs above the 200-day—is losing its steam. Traders are frantically repricing their expectations because the U.S. labor market isn't cooling off fast enough. Stronger economic data means the Federal Reserve won't be in a rush to slash interest rates in November, effectively sucking the liquidity right out of the room. CME Group data now shows a 90% chance of a modest 25-basis point cut, a sharp pivot from the aggressive 50-basis point drops investors were betting on just two weeks ago. When cheap money gets harder to find, risk assets like BTC are usually the first to feel the chill. The momentum hasn't entirely evaporated, but the technical breakout everyone was chasing now looks like a bull trap. Will the next inflation print be the final blow to this rally?