🚫 Bitcoin eyes $105K ahead of FOMC!

Bitcoin is dancing near $105K today, and once again, geopolitics and Jerome Powell are in the spotlight.

During a brief White House lawn exchange, President Trump dropped a surprise: Iran has apparently reached out for dialogue. Whether that cools global tensions remains to be seen - but markets reacted fast. Bitcoin bounced from $103.8K lows, briefly reclaiming $105K. But Trump wasn’t done. He also took aim at Fed Chair Jerome Powell, calling him a “stupid person” while pushing again for interest rate cuts - even as markets price in no change at today’s FOMC.

Here’s what really matters: The Fed is expected to hold rates steady, but traders are watching the tone closely. If Powell signals fewer rate cuts in 2025, it could pressure all risk assets - including BTC. Meanwhile, order books tell a story of tension. Buy-side liquidity is building near $103K. A short squeeze could easily trigger upside volatility, with asks stacked as far up as $112K.

The setup? BTC is trapped between macro fear and de-escalation hope. But if the Fed shows even a sliver of dovishness today, bitcoin could break out fast. A calm Fed, fading war fears, and heavily short perp markets - that’s a recipe for fireworks.

Stay sharp. The next move could be explosive. Follow @mende for more updates! #FOMCMeeting #FOMC #DonaldTrump #Trump #USA