🚀 Bitcoin Bounces Back! 🚀

Bitcoin (BTC) has made a swift recovery, reclaiming the $61,000 mark after the S&P 500 hit a new all-time high. But hold on to your hats, folks! The market is bracing for some turbulence ahead of the Federal Open Market Committee (FOMC) meeting and potential rate cut announcements.

📊 Key Points:

- Bitcoin and S&P 500 are moving in tandem, with a correlation coefficient of 0.88.

- Historically, rate cuts have led to short-term drops in the S&P 500.

- BTC might follow suit, with potential targets around $54,000 or even $48,880.

What do you think? Will Bitcoin ride the wave or hit a bump? Drop your thoughts below! 💬