7 FOMC Meetings This Year, Bitcoin Only Rose Once

According to analyst @ali_charts, out of the 7 FOMC meetings held this year, Bitcoin only recorded a single increase, which was a 15% rise on May 7. The other 6 instances were all declines. Based on this, @ali_charts reminds traders to stay cautious about this week's upcoming FOMC meeting, as the market may face a risk of a 'sell the news' drop.