🔥Tense Crypto Market as Bitcoin Prepares for FOMC THE FED🔥
📢This week's FOMC meeting marks an important moment for risky assets. Historical data shows that three out of the last five FOMC decisions resulted in bullish outcomes for Bitcoin. However, this time it comes amid increasing uncertainty.
🥁Powell's Words May Trigger Bitcoin Breakout or Breakdown🥁
➡️Although it is highly likely that the Fed will hold interest rates steady, volatility remains almost certain. Traders are adopting a risk-averse stance, with Bitcoin prices consolidating around US$94,000.
➡️Likewise, ETF (exchange-traded fund) inflows are slowing, along with increasing liquidations. Swissblock analysts describe the atmosphere as a “battle” of resistance.
👉They mention negative funding rates and high open interest, indicating that bears are strengthening short positions.
🔥“…if 3.5% [now 4.4%] occurs, the market will react extraordinarily positively,”🔥 writes Bitcoinsensus.
We look forward to. . . ‼️‼️ The US Federal Reserve (Fed) will announce its latest interest rate decision on Wednesday.
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