Woofun AI reports that Bitcoin has slipped below the $65,000 threshold, approaching a pivotal short-term support level ahead of the Federal Reserve's interest rate announcement scheduled for 2 a.m. Beijing time on June 18th. This FOMC meeting marks the first session under new Fed Chair Kevin Warsh, intensifying market scrutiny on both the rate decision and his subsequent press conference remarks.

Trader Killa cautioned that while a bullish narrative surrounds the event, historical patterns suggest FOMC days often trigger bearish reactions. He emphasized that BTC must sustain its structure from approximately $64,000; otherwise, a retest of the $60,000 low remains probable.

Concurrently, trader Niels noted that despite potential short-term strength linked to US-Iran peace talks, BTC could ultimately decline to $55,000. Conversely, analyst Cryptic Trades maintains an optimistic outlook, anticipating a significant uptrend following the current pullback from key moving average resistance.