Bitcoin Weakens at $65,000 Ahead of Fed Interest Rate Decision

Bitcoin is trading at $65,786 ahead of the US Federal Reserve's (Fed) interest rate decision. The cryptocurrency is losing strength during this critical period, with investors' attention focused on signals regarding the Fed's monetary policy. In leveraged markets, $301.56 million in liquidations occurred over the past 24 hours. This highlights the fragility of highly leveraged positions amid volatility, with the majority of liquidations concentrated in long positions. Market participants are closely monitoring signals of a bottom in the 55-week bear market cycle. Technical indicators are being analyzed for clues on whether Bitcoin can find support at current levels. Analysts note that the $65,000 level is a psychological threshold, and a sustained move below this level could increase selling pressure. The Fed's interest rate decision and subsequent statements will be decisive for the direction of cryptocurrency markets. Whether rates are held steady or raised, Bitcoin is expected to see increased volatility. Investors are also closely watching macroeconomic data and regulatory developments. This is not investment advice.