What Will Happen in a Few Hours?
Here are some possible scenarios:
Scenario 1: The market will rise if CPI, PPI, and the Federal Funds Rate are lower, pushing BTC above $70,000.
Scenario 2: The market will decline if CPI, PPI, and the Federal Funds Rate are higher, causing BTC to drop back to $62,000.
The FOMC statement's outcome will significantly influence market sentiment in the coming hours. Investors are anxious as they await the Federal Open Market Committee's decision. A hawkish stance could indicate tighter monetary policy, leading to market volatility and potential sell-offs. On the other hand, a dovish stance might spark a market rally as investors expect continued support and accommodative measures.
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