In front of the Federal Reserve, unemployment benefits have little influence, and the focus has shifted to Chairman Powell's press conference at 2 AM tonight.
The market expects the Federal Reserve to keep interest rates unchanged, and if this expectation is met, it will be the biggest negative factor, leading Bitcoin to experience a deep correction, potentially returning to the 100,000 mark, and it would only be a matter of time before dropping below.
If an unexpected announcement of interest rate cuts occurs, Bitcoin will reverse into a bullish trend, surging towards 110,000. Those with positions must ensure to set take-profit and stop-loss orders.
