FOMC Meeting Looms Large for Bitcoin as Inflation Prints Take Center Stage

The upcoming FOMC meeting on September 15-16 is set to have a significant impact on Bitcoin's (BTC) next big move, according to recent market analysis.

A stronger-than-expected US jobs report has raised odds of a Fed rate hike and put risk-on crypto assets under pressure. This could lead to another major correction for BTC if inflation data does not support the continuation of its recovery.

The inflation prints in the coming days will likely determine whether BTC continues its upward trend or faces a significant downturn. The current market sentiment is bearish, with risk-on assets being put under pressure ahead of the FOMC meeting.