- BTC maintained the range of $ 100,000 at $ 105,000 before the FOMC meeting.
- 21 shares The analyst has provided that a drop in surprise interest rate could rally the higher BTC.
Bitcoin (BTC) defended the level of $ 100,000 before the macro-key updates: the decision of the Fed decision and the inflation data of the PCE.
For Fed’s decision, the market provides “no drop in rate” with interest traders> 99% rate break.
Source: Fedwatch CME tool
However, Matt Mena, crypto research strategist at 21 actions, told Ambcrypto that a surprise of 25 BPS to help the market rally. He said,
“Given the recent turmoil of shares, the probability of an increase in rates is actually zero. However, a surprise cut of 25 bps could act as a major rear wind, causing a gathering through risk assets. »»
In particular, tThe market will closely monitor the Federal Open Market Committee (FOMC), the term advice and the press conference of the president of Jerome Powell to assess the next market management.
Will FOMC have taken into account Trump’s call?
The fact that President Donald Trump has openly called to lower interest rates will make advice in the future a must. Mena added that,
“If the Fed reports two or more cuts, this could provide the type of catalyst necessary for Bitcoin to exceed $ 110,000 and test the following key psychological levels at $ 125,000 and $ 150,000.”
The Fed has reiterated inflation problems if the president’s vast extent pricing program is implemented.
FED’s favorite inflation data, the price of personal consumer expenditure (PCE), will be published on January 31, one day after the Fed meeting.
Fresh than expected data could rally the BTC, while the reverse could tank it.
In simple terms, the next 48 hours could stimulate market volatility as players adapt to announcements and data above.
In fact, the options market showed a lowering feeling And the cover activity, as illustrated by a negative 25RR (risk inversion 25-Delta) for the expiration of January 30.
Source: Amberdata
The 25rr was positive for the expiration of the Friday option, indicating a premium for calls (Paris Haussiers). This suggests a slightly optimistic feeling for expected inflation data.
On the price table, Bitcoin has remained in the range of $ 100,000 to $ 105,000 since January 17. He remained above the averages of short and long-term moving (MA), strengthening a positive perspective.
However, a decrease below the MA of $ 98,000 could accelerate a drop in the range of $ 91,000.
Source: BTC / USDT, tradingView
