FOMC: Minutes Signal Inflation Caution for BTC

FOMC minutes from July underscore sticky inflation concerns, with three officials dissenting in favor of a 25 basis point hike while highlighting elevated stock valuations, AI-related repricing risk, high hedge-fund leverage and short-term funding reliance.

Bitcoin correlation with Fed tightening cycles points to potential pressure on risk assets if conditions tighten further. On the 4h chart BTC trades at $68426.53 testing upper Bollinger resistance at $67454.71 while RSI(14) at 83.44 signals overbought conditions, making a healthy retracement to EMA50 support at $64243.68 probable before any continuation despite the MACD golden cross at 849.85.