This week's storm in the cryptocurrency world is here! Can Bitcoin stage a comeback?

Last weekend, the market lacked significant positive news, and capital speculation was intense, with an overall bearish trend. The real 'main event' awaits Thursday night: the Federal Reserve of the United States is set to put on a show! At 2:00 AM, there will be an interest rate decision, followed by Powell's remarks at 2:30 AM, and this operation will directly impact the medium to long-term direction of the cryptocurrency market.

From a technical perspective, if Bitcoin can proactively pull back to the lower edge of the channel before the news, it may actually be beneficial—after cleaning out the floating capital above, it could welcome a 'V-shaped reversal'! Last Friday night, Bitcoin briefly hit a high of $97,840, but faced heavy selling pressure above and fell back helplessly. Trading was quiet over the weekend, showing a weak downward trend, and yesterday during the day, it broke below the key support of $95,500, completely breaking the stalemate.

Currently, the 5-day and 10-day moving averages have crossed to the downside, and the MACD's green bars are expanding, indicating that bearish signals remain strong! Although there was a rebound to $95,708 overnight, it was a volume-less rebound, followed by a new low of $94,503.

This week's barometer is the Federal Reserve.

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