Bitcoin ($BTC ) Big Dump Warning!đš
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This week's focal point is the upcoming interest rate decision and press conference, which could spike market volatility. Bitcoin faces a bearish trend, hovering around $62,000-$61,000, with support but waning momentum. Increased volume hints at a potential bounce back, supported by spot buyers. The next hours are crucial; a strong buying surge is needed for a bullish shift. Open interest finding support and FOMC's decision could drive a reversal. Without significant buying, Bitcoin might dip to $60,590 or even $58,000. While there's a chance of a turnaround, it remains uncertain without confirmation.
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