Analysis: The market is waiting for Powell's policy signals before the FOMC, with Bitcoin stabilizing above $77,000
According to The Block, btc-42">Bitcoin maintained a volatile consolidation above $77,000 on Wednesday, with the market adopting a cautious stance ahead of the Federal Reserve's interest rate decision. This FOMC meeting is seen as a critical juncture, with the market generally expecting interest rates to remain unchanged, but the real focus is whether Federal Reserve Chairman Powell will signal a "higher-for-longer" hawkish stance. Additionally, this meeting may also be his last as Chairman of the Federal Reserve, with the market pricing in uncertainties regarding policy and potential power transition.
Overall, Bitcoin remains in a "low liquidity + high event risk" structure, and is likely to oscillate within the $72,000 to $80,000 range in the short term, awaiting further clarity on the Federal Reserve's policy path.
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