Ahead of the Fed meeting tonight, the market is filled with expectations for the price movement of Bitcoin. However, the meeting itself may not bring about much substantive impact. Current economic data presents a contradictory situation: on one hand, the inflation rate has reached 2.6%, exceeding the 2% target; on the other hand, new employment data is declining. The Fed's decision will depend on which factor they prioritize. If controlling inflation is the top priority, the likelihood of interest rate cuts this year is very low; if employment is prioritized, the possibility of a rate cut in September will significantly increase.

It is worth noting that although Bitcoin has fallen more than $10,000 from its peak, a large number of institutional investors and whales continue to buy, which has somewhat limited the further downside potential of the price. From an overall trend perspective, Bitcoin still maintains an upward momentum.

The current market environment may provide investors with a good entry opportunity. However, investors should proceed with caution and fully assess the risks, as the volatility of the cryptocurrency market remains high. At the same time, closely monitoring the Fed's policy trends and their impact on the overall economy will also help investors make more informed decisions.