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#bitcoin is currently trading on shaky ground ⚠️, with volumes remaining low and market participants cautiously waiting for this Wednesday’s major monetary policy update 🏦. Based on current expectations, there's a 99% chance the Federal Reserve will hold interest rates steady — meaning no rate cuts for now ❌📉. Although that’s largely expected, the market is likely to start pricing it in before the actual announcement ⏳.
📉 As a result, we could see a short-term dip in crypto prices. BTC may potentially retrace to the $92,500–$89,000 range, depending on how investors react. While it’s unclear where exactly the pullback may stop, a downside move appears likely in the immediate term.
💬 However, what’s even more critical is Jerome Powell’s economic projection speech 🗣️. His insights into future Federal Reserve policy will give the market a much clearer view of the road ahead. If Powell hints at a softer or more dovish stance in upcoming meetings 🕊️, both crypto and traditional markets could see a strong rebound 📈.
🗓️ Also keep in mind that the latest CPI (Consumer Price Index) inflation data will be released next Tuesday. This report will be a major catalyst, and its results—positive or negative—will have a significant impact on market direction 📊.
Despite the short-term uncertainty, my bias remains bullish 🚀. I'm optimistic that favorable macro signals could push BTC and other assets higher in the medium term.
🔄 In the meantime, I’m watching Bitcoin Dominance (BTC.D) closely. I expect it to rise toward 66.5%, indicating that BTC will likely outperform altcoins for now. As for Ethereum (ETH), its BTC pair might decline to the 0.0175–0.0182 BTC range, possibly signaling a typical market divergence: BTC topping while ETH bottoms 🔁.
👉 Let’s stay alert. The next 7 days will be packed with key updates that could define the short-term crypto landscape.
#BitcoinUpdate 🔥 #CryptoMarket 🪙 #BTCanalysis 📊 📈 #BinanceSquare
