$BTC Steadies Near $118K as Fed Rate Decision Looms


#Bitcoin is holding around $118,000 ahead of Wednesday's Federal Reserve meeting.


Futures markets show overwhelming odds of no rate change, with attention shifting to Thursday's PCE inflation data.


Analysts predict a soft PCE release could help $BTC reclaim $120,000 levels.


Options flow shows bullish positioning between the $118K-$120K range, indicating controlled upside exposure.


QCP Capital notes a narrow trading range with bids at $116K and resistance near $120K.


President Trump reinforced the Aug. 1 tariff deadline, adding near-term uncertainty.


Q2 GDP grew 3.0% annualized, beating expectations while core PCE rose 2.5%.


#Trump called for lower rates on Truth Social following strong economic data.

September rate cut odds have cooled to 50-60%, according to Sygnum Bank analysis.

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July 30, 2025 at 9:40 PM
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