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I noticed that Bitcoin's rally could be damaging in the short term if the Fed announces something negative on Wednesday. It's a key moment for the market, honestly.
The timing is really detrimental for the bulls right now. An interest rate hike or hawkish comments could break the momentum we've had for a few weeks. Many traders are just waiting for this meeting to see how it will play out.
So yeah, if you're long on Bitcoin, you really need to be careful this week. The potential for damage is real, and that's why I see many people reducing their positions before Wednesday. It would be damaging not to anticipate this risk.