**$BTC Sunday Update: Volatile Week Ahead with FOMC on Wednesday**

Expect a volatile week as the Federal Open Market Committee (FOMC) meeting on Wednesday could significantly impact market sentiment. Here’s what to watch for:

**Market Expectations:**

- **FED to keep rates unchanged.**

- **Potential signal for a rate cut in September.**

Key Analysis 🧵

Scenario from July 7th Update:

- Unemployment up

- Inflation down

- Market pricing in a potential rate cut in September, boosting BTC post-CPI.

This scenario has played out. Now, new pressures are emerging for the FED to announce a rate cut in September.

Current Observations:

- FED Pressure:

- Media, economists, and market forces are urging a rate cut.

- Jerome Powell might resist premature market hype, needing more data (2 CPI and 2 NFP reports) before deciding.

Possible FED Statement:

"We'll cut rates when we make sure inflation is moving back down to 2% and for that, we must stay data-dependent. We need to see the coming data from the next 2 months."

Such a stance could lead to market volatility due to investor disappointment.

Personal Take:

- This is speculative: No certainty on FED actions.

- Based on observation and education: This scenario seems plausible.

Projection/Plan:

- Potential Scenario with Jerome Powell:

- Targeting the wick in the 1D time frame.

- Long wicks tend to get filled according to the wick fill strategy.

- HTF view: Price should reach between $71.6k and $73.8k.

- These highs haven't been hit for a while, creating an open interest (OI) gap and gathering liquidations in HTF.

Trading Caution:

- Difficult trading week ahead.

- Trade with caution.

- Frequent updates throughout the week. 🤝