💫💫💫This week's FOMC meeting could be a major catalyst for $BTC .



Over the past year, 8 of the last 9 FOMC meetings have been followed by a notable pullback, with Bitcoin dropping around 10% on average over the following week.

We're also trading in a similar price region to last month's meeting, when BTC was around 66K before falling roughly 12% to 58K.

Of course, history doesn't always repeat itself. The May meeting broke the pattern, with Bitcoin rallying instead of selling off.

Still, an 8 out of 9 track record is hard to ignore.

I'll be watching 61K closely. If it holds, BTC could stay within its current range. If it doesn't, another test of the cycle lows becomes much more likely.

The reaction after this FOMC meeting should give us a much clearer picture of what's next.

$BTC ‌#SummerCreationCamp
BTC1.17%
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Mnjon30
· 27m ago
hey
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Hamzah_96
· 36m ago
https://www.gate.com/en/announcements/article/100783 nice 👍👏👏😊
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mobii_rajput
· 37m ago
watching 61K closely. If it holds, BTC could stay within its current range. If it doesn't, another test of the cycle lows becomes much more likely.....
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Jaber585
· 38m ago
Use the edit icon to pin, add or delete clips.
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GateUser-0cc6a830
· 46m ago
good
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SahinAhamed
· 50m ago
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GateUser-064492c6
· 58m ago
H sga hajj aja javan shaka jabs svsbsjsksksvvsjzjsbsnsksksnvsvsjsjzznbzbshs
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Arnabturja
· 1h ago
high
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CryptoMaster1
· 1h ago
watching 61K closely. If it holds, BTC could stay within its current range. If it doesn't, another test of the cycle lows becomes much more likely.
Reply0
MrPi27111
· 1h ago
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