Tough love with the bills! That's how things feel right now. Historically, Bitcoin thrives when the Federal Reserve lowers interest rates. Why? Because that eases pressure on risk assets, like cryptocurrencies, and allows money to move more freely. Imagine the dollar and bonds getting weaker, and suddenly, Bitcoin looks more attractive. That could give it a massive boost! 🚀

But be careful, the road is not that smooth. Employment data in the U.S. is cooling and unemployment has risen to its highest point in four years. That would normally be the green light for the Fed to say: "It's time to lower rates!". But as inflation continues to dance above the target, no one dares to assure anything. 🤷‍♂️ Even so, markets are already betting that a cut in September is almost certain.

Meanwhile, in the world of the big leagues of crypto, things are heating up. The whales, those investors who have giant reserves of Bitcoin, have been unloading their cargo. In the last 30 days, their reserves fell by more than 100,000 BTC! 🐳 It's as if the big fortunes are fleeing, a clear sign that risk aversion is through the roof. This massive sell-off is putting incredible pressure on the price.

To top it off, even the big companies that used to buy Bitcoin as if there were no tomorrow have slowed down. For example, Strategy, the heavyweight of institutions investing in BTC, reduced its monthly purchases from 134,000 to just 3,700 BTC. A brutal drop! 😱

From a technical standpoint, the situation is not improving. The 8-hour Bitcoin chart shows a "head and shoulders" pattern, which in the expert world is a CLEAR sign that a drop is coming. The price has already broken the key support level at $113K and has not managed to recover. This means that sellers have total control of the game. If the pressure continues like this, Bitcoin could land at $107K or $105K, and if the sell-off accelerates, we could see $97K. 📉

So, what do we do? It’s not the time to sleep on it. The Fed's decision is key, but the fear of the whales is already moving the market. This shows that in the crypto world, things can change from one second to the next. $BTC