Good morning everyone!
Following Bitcoin's rejection at the $70K resistance level, it has pulled back to the $65K range due to increased selling pressure. Tomorrow evening at 9 PM, we have an important Federal Reserve decision. We can anticipate a highly volatile market leading up to this announcement. While the FED is expected to maintain the current interest rates, there's speculation of a potential rate cut in September. This could lead to market adjustments toward the end of August or early September.
The anticipated rally could ignite once the FED begins to reduce interest rates. Keep an eye on market movements as we approach this crucial period.
Wishing you all a productive and successful day ahead!
