Since the beginning of this year, bitcoin has performed poorly during the 7 FOMC meetings, rising only once.
ChainCatcher News, according to statistics by analyst @ali_charts, out of the 7 FOMC meetings held so far this year, bitcoin has only recorded an increase once, which was a 15% rise on May 7. The other 6 times all resulted in declines.
Based on this, @ali_charts reminds traders to pay attention to the upcoming FOMC meeting this week, as the market may face the risk of a decline after a “sell the news” scenario.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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