On the first Federal Reserve Open Market Committee (FOMC) meeting under new chair Kevin Warsh, Bitcoin is testing an essential support level. With the cryptocurrency hovering around $64,000, traders are cautious, anticipating a possible bearish reaction in response to the Fed's decisions. Analysts are keeping a close eye on the $55,000 target, which remains a significant point for Bitcoin in the near term. Market sentiments are mixed as investors brace for the potential impact of the Fed's policies on the crypto landscape.