The FOMC interest rate decision and Jerome Powell’s remarks always take place on a Wednesday. Historically, 8 out of the last 9 FOMC decisions held on Wednesdays were followed by bearish price action on Thursday and Friday for $BTC. The only exception was May 7, which saw a bullish move.


Based on this pattern, the most likely scenario is another bearish outcome. A potential move down to the $74,000–$75,000 range could present an opportunity to look for new long positions, targeting a move above $80,000.
BTC0.7%
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