Bitcoin will fall before CPI data and FOMC decision! 🔥

The cryptocurrency market is surging. Analysts are predicting a sharp drop in Bitcoin prices before CPI data and FOMC decision are released. High interest rates and poor economic data are quietly depressing Bitcoin market sentiment and prices.

Many investors are nervously waiting before the Federal Open Market Committee (FOMC) announces its interest rate decision. According to well-known analyst Michael van de Poppe, this week is crucial because the market will usher in new CPI data and the latest interest rate decision of the FOMC on June 12.

However, there are concerns about the Fed maintaining high interest rates, which has increased the selling pressure in the market. Originally expected to have two rate cuts by the end of 2024, there is now even little chance of a rate cut in September. This uncertainty has made many investors worried about risky assets such as Bitcoin.

However, from historical experience, Bitcoin and other cryptocurrencies tend to correct themselves before important events are announced and rebound after the event. This shows that many traders and investors are acting cautiously and waiting for economic data to be released before making decisions.

For investors, now is a time to test patience and strategy. Analyst Michael van de Poppe believes that Bitcoin may test the support range between $64,000 and $65,000. This range is crucial because it can provide a solid foundation for Bitcoin prices to stabilize before rising again.

If the price unfortunately falls below this support level, investors need to pay close attention to the demand zone between $54,000 and $56,000. This area may become a new support point for Bitcoin prices.

Before the FOMC meeting and the release of new CPI data, we may see some potential shifts in the market. For investors, it is key to stay calm, pay attention to market dynamics, and make decisions based on their investment strategies! 🔥📈✈️#BTC☀ #比特币走势分析 #比特币政策