BTC Price Consolidation Amid Federal Reserve Policy Split and Rate Cut Debates

Key Points

1. The Federal Reserve is divided on monetary policy, with some governors favoring a 25 bps rate cut due to labor market and inflation concerns, while others prefer maintaining current rates.

2. Bitcoin's price is range-bound between $116,000 and $119,000, with strong buying interest at $116,000–$117,000 and sell pressure capping gains at $119,000–$120,000.

3. Traders are advised to monitor Federal Reserve communications closely for policy signals before adjusting their positions.

4. The policy split reflects broader economic concerns, with some emphasizing labor market risks and others prioritizing inflation control.

5. Bitcoin's consolidation highlights its sensitivity to macroeconomic factors and Federal Reserve policy uncertainty.