Opinion: BTC may need to close above US$81000 on a weekly basis to avoid downward fluctuations before the FOMC meeting
Internet reports that Bitcoin needs to close above the key weekly line of $81,000 to avoid more downward volatility before next week's Federal Open Market Committee (FOMC) meeting. Ryan Lee, chief analyst at Bitget Research, said that this week's closing price above $81,000 will be the key to preventing further decline in Bitcoin. Maintaining above this level will show resilience, but if it falls below $76,000, It may trigger more short-term selling pressure. According to the latest estimates from CME Group's Fed Observation Tool, the market currently expects a 98% chance that the Fed will keep interest rates stable.
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