- BTC maintained the range of $ 100k $ 105k prior to the FOMC meeting.
- 21 stock analyst predicting that a reduction in the surprising interest rate BTC could collect higher.
Bitcoin [BTC] Has defended the $ 100k level for important macro updates -the FED rate decision and PCEinflatiege data.
For the FED decision, the market expects ‘no rate reduction’ with interest traders that> 99% chance of tariff break prices.
Source: CME Fedwatch Tool
Matt Mena, Crypto Research Strategist on 21 shares, AmBcRYPTO said that a surprise 25bps Cut de Marktrally could help. He said,
“Given the recent unrest in shares, the chance of a speed increase is effective. However, a surprise of 25bps can act as a large wind wind that causes a rally on risk assets. “
In particularThe Market will keep a close eye on the Federal Open Market Committee (FOMC), Forward Guidance and chairman Jerome’s press conference to measure the following market direction.
Will FOMC consider Trump’s call?
The fact that President Donald Trump has openly called on interest rates for falling will make the forward guidance a must-watch. Mena added that,
“If the FED signals two or more cuts, this can offer the type of catalyst that Bitcoin needs to break more than $ 110,000 and test the next important psychological levels for $ 125,000 and $ 150,000.”
The FED has repeated the inflation problems if the president’s broad tariff program is implemented.
The favorite inflation data of the FED, the price index of Personal Consumption Expenditures (PCE), are released on January 31, a day after the FED meeting.
BTC can collect a cooler than expected data, while the opposite can refuel it.
Simply put, the next 48 hours can stimulate market volatility, because players adapt to the above announcements and data.
In fact, the option market showed a bit Bearish sentiment and hedging activity, such as illustrated by a negative 25RR (25-Delta Risk-Omskering) for 30 January.
Source: Ambdata
The 25RR was positive for the decline of the Friday option, which indicates a premium for calls (Bullish bets). This suggests a somewhat bullish sentiment for the expected inflation data.
Bitcoin has remained in the range of $ 100k $ 105k on the price diagram since January 17. It has remained above the most important short and long -term advanced averages (MA), which strengthens a positive prospect.
However, a drop under the 50-day MA of $ 98K could accelerate a fall in $ 91k range.
Source: BTC/USDT, TradingView