$BTC Things are really on a thin thread right now with low volumes and all eyes on Wednesday's monetary policy decision. There is a 99% probability that there will be no rate cuts, so it is very unlikely that this will happen, but it is very likely that the market will take this into account for Wednesday. So the most likely scenario is a drop in the markets, either to 91k or 88k. I'm not really sure, but a drop could occur.

More important than that is Powell's economic projection speech to see what the Fed is planning. This way the market can start to anticipate it as well. If the projections are good and the Fed signals a more flexible policy stance in the future, then the markets will recover.

However, we also have the CPI report next Tuesday, so keeping that in mind, the next 7 days will be quite interesting. However, I am more inclined towards the bullish side.