BlockBeats News, September 15th, as Powell is set to chair this week’s Federal Open Market Committee (FOMC) meeting, the market widely expects the Fed to cut interest rates for the first time since last year, by 25 basis points. However, there is currently a “three-way standoff” within the meeting: some members support a 50 basis points rate cut, some regional Fed presidents lean towards keeping rates unchanged, while Chairman Powell is aiming for a moderate rate cut. Former official Vincent Reinhart pointed out that if there is a split vote this time, it will show that the policy consensus is still fragile, potentially fueling increased market uncertainty.
Technically, Bitcoin (BTC) liquidation heatmap shows that the price surged to the 116,800 level, with a substantial accumulation of liquidation orders in the 117,000–118,000 range above, acting as a major resistance zone in the near term; support below is at 114,000 and 111,000, with a breach possibly testing the 108,500 liquidity area.
Bitunix analysts suggest: amid decision-making differences and political pressures intertwining, the FOMC outcome could trigger intense volatility. It is advisable for traders to reduce leverage exposure, closely monitor the battle between the BTC 117,000 resistance zone and the 114,000 support level.
