BTC Rebounds Quickly to $61,000 After S&P 500 Hits New High! 🚀

- Markets await FOMC meeting and rate cut announcement, which could impact both US stocks and crypto.

- Bitcoin and S&P 500 are showing a high correlation, currently at 0.88. This could lead to similar volatility after the FOMC meeting.

- History shows that S&P 500 often falls short-term after rate cuts, BTC could follow suit.

- BTC's short-term target could be $54,000, but could fall further to $48,880.

- However, if a recession is avoided, SPX and BTC could continue to rise in Q4.

What do you think about this situation? Comment below! 💬#Bitcoin#Crypto#FOMC#Finance #Blockchain