Bitcoin's Wild Ride 🚀

Bitcoin recently soared past $61K, thrilling crypto fans! But with the FED's looming interest rate decision, the market's holding its breath. Traders in BTC derivatives are cautious, eyeing a potential fallback to $58K.

The FED's rate cut decision could either fuel or cap the rally. A larger cut might boost BTC, but also spark fear of a recession. Meanwhile, BlackRock’s Bitcoin ETF saw a $15.8M inflow, hinting at renewed institutional interest.

Will BTC hold above $61K or face more volatility? The next few days will be crucial for the crypto market. Stay tuned! 📈