TechFlow News: On April 29, according to The Block, Bitcoin traded sideways above $77,000 on Wednesday as markets adopted a cautious stance ahead of the Federal Reserve’s interest rate decision. This FOMC meeting is viewed as a pivotal event—while markets broadly expect rates to remain unchanged, the key focus lies in whether Fed Chair Jerome Powell signals a “higher-for-longer” stance. Additionally, this may be Powell’s final meeting as Fed Chair, prompting markets to price in both policy uncertainty and potential leadership transition.
Overall, Bitcoin remains in a “low-liquidity + high-event-risk” environment, and may continue trading sideways between $72,000 and $80,000 in the near term, awaiting further clarity on the Fed’s policy path.
