Bitcoin local review. ๐ช
Locally, the market hovered in one range, further developments should be expected in the next two days.
As the decision on interest rate from the US Fed will take place on Wednesday. According to analysts, the interest rate will either decrease by 0.25% or remain unchanged. In turn, I expect another pause, which is already embedded in the price movement.
Therefore, I believe that before the interest rate decision the BTC price can be lowered a bit to cover the lower imbalance and collect liquidity, which will then continue the upward movement. Now it is better to refrain from positions, but in case #BTC price drops to the zone of $68500 - $67800 you can open long positions.๐
