#FOMCMeeting Bitcoin's Future Hinges on Fed's Decision

The Federal Reserve's decision to hold interest rates steady at 4.25%-4.50% has sent shockwaves through the market, causing Bitcoin (BTC) to drop. With only one rate cut projected for 2025, investors are left wondering what's next for the cryptocurrency.

Why Did BTC Drop?

- *Profit Booking*: After hitting $108,000, investors booked profits, leading to a decline.

- *Fear of Higher Rates*: Long-term higher rates could reduce liquidity, making it harder for BTC to surge.

- *Technical Cooling*: RSI reset and rejection at resistance levels contributed to the drop.

- *Geopolitical Tensions*: The Israel-Iran conflict added risk-off pressure on all markets.¹ ²

Market Pulse

- *ETF Inflows*: Strong inflows indicate bulls are still active.

- *Sideways Movement*: Expect sideways chop until July CPI or jobs data.

- *Smart Money Waiting*: This isn't a crash, it's a setup.

Trading Strategies

Long Setup (Bullish Scenario)

- *Entry*: $103,000-$104,500 (if holding this zone)

- *Target*: $107,500 (TP1), $111,000 (TP2)

- *Stop Loss*: $101,500

- *Watch for*: Bounce and ETF inflows

Short Setup (Bearish Continuation)

- *Entry*: $107,000-$108,200 (if rejection at $107-$108K zone post-FOMC)

- *Target*: $102,500 (TP1), $97,000 (TP2)

- *Stop Loss*: $109,500

- *Confirm with*: Volume and reversal candle

What's Next for BTC?

The Fed's decision has delayed BTC's eruption, but the lava's still hot. Will it burn through $110,000 or cool into $97,000? With tight stop-losses and a volatile combo of geopolitics and Fed decisions, traders need to stay sharp and tactical.

Current Bitcoin price is around $103,917.63, with a 24-hour trading volume of $58.54 billion. The cryptocurrency's market cap stands at $2.06567 trillion USD.