#美联储FOMC会议

Recently, even with favorable news, Bitcoin finds it hard to rise.

Moreover, its trend has long deviated from the previous four-year cycle.

Altcoin prices have fallen for six consecutive weeks; whether they can recover depends on whether they can stop the decline and rebound in the coming weeks, otherwise, they will continue to weaken.

Now, everything hinges on the Federal Reserve's policies and the broader environment. However, some big players say that although some people made money and exited in the short term, those who hold Bitcoin long-term haven't moved at all, and the amount of Bitcoin on exchanges is still decreasing.

At the price range of 93,000 to 98,000, many people are hoarding, so it’s unlikely to drop further for now.

Looking at the technical aspects,

Bitcoin has held at 102,700; next, it will either push towards the previous high or oscillate between 106,000 and 108,000. The current market behavior is particularly similar to the fluctuations in 2024, so it is advised to minimize trading.

What the market is most concerned about now is how the Federal Reserve will express itself this week.

Everyone was originally hoping for two interest rate cuts in 2025, but if the Federal Reserve says only one can be cut, Bitcoin is likely to drop.