🔥 #FOMCMeeting Update 🔥
Bitcoin is hovering around $105K, as investors await the Fed's decision on interest rates during the FOMC meeting on June 17–18.
📌 Key Details:
Market consensus: no rate change expected (99.6–99.9% odds) .
But markets are watching for any tone shifts from Fed Chair Powell—these could trigger sharp volatility .
Threats from geopolitics (#IsraelIranConflict), oil-supply concerns, and dollar weakness add to the intensity .
📈 What Traders Should Do:
Key levels: Support near $104K—$105K; Resistance around $110K—$112K.
Prepare for possible short-term volatility—consider using limit orders or tightening stop-losses.
A more dovish tone from the Fed could spark another leg up toward all-time highs.