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BULLISHWAJEEHA🔥
This is going to be a very interesting week for $BTC.
Over the past 12 months, eight of the last nine FOMC meetings have been followed by a relatively large sell-off.
Across those eight flushes, $BTC declined roughly 10% on average over the following week.
During last month’s meeting, price was trading in almost exactly the same region as it is today.
$BTC traded around $66K, then dropped roughly 12% to $58K, setting new cycle lows.
The one exception was the previous meeting in May, when $BTC produced the opposite reaction and rallied roughly 5%.
So another bearish reaction is not necessarily guaranteed. We have already seen this pattern fail once during the current bear market.
But 8 out of 9 is still not a statistic I am interested in betting against.
If the same reaction plays out again, we’re likely to see a key test of the range lows.
I’m personally watching whether $61K can hold as support.
That level is the gatekeeper between another pullback inside the current range and a potential flush to new lows.
$BTC #DailyOrbit
Miễn trừ trách nhiệm: Nội dung OKX Orbit chỉ để tham khảo. Tìm hiểu thêm
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Crypto thịnh hành
BTC/USDTBitcoin
$74.618,4-0,02%
ETH/USDTEthereum
$2.133,9-0,05%
OKB/USDTOKB
$98,19-0,05%
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