Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar.Key points:Bitcoin sees a new low for the current weekly candle with the Fed FOMC meeting due in hours.Analysis warns that markets remain concerned over Strategy potentially selling more BTC.Fed chair Kevin Warsh faces a tough balancing act at his first interest-rate decision.Strategy selling still impacting Bitcoin price strengthData from TradingView showed BTC/USD heading higher after dropping to $64,500 on Bitstamp.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe pair saw ongoing weakness ahead of the US Federal Reserve’s interest-rate meeting, scheduled for 2pm Eastern time. As Cointelegraph reported, such events tend to trigger BTC price downside.In its latest Market Color analysis, trading company QCP Capital said that the BTC price outlook was clouded by more than just the Fed.“While broader markets continue to trade higher on optimism across multiple fronts, BTC remains stuck below the 66k level,” it wrote. “The underperformance has been driven in part by concerns that Strategy may need to sell more Bitcoin to fund dividend payments, especially after buying back $1.5 billion of its 2029 Convertible Senior Notes.”Source: CointelegraphQCP explained that contingency measures by technology company Strategy had “extended its runway” in terms of liquidity after selling 32 BTC in May, but markets remained wary of potential problems further down the line.“In the short term, we think this overhang may continue to prevent Bitcoin from fully participating in the broader macro optimism. However, as Strategy continues to issue shares and lengthen its runway, that optimism may eventually catch up to BTC,” it continued.“For now, the macro tide has turned more supportive, but Bitcoin still has one very specific overhang to work through.”Fed’s Warsh faces “difficult opening act”On the Fed, meanwhile, QCP joined those putting the focus on new Fed chair, Kevin Warsh.Related: Can BTC rebound to $69K as oil price plunges? Five things to know in Bitcoin this week“Warsh takes the stage at his first Fed meeting as Chair today,” it stressed.“Previous expectations had positioned him as dovish and more inclined toward rate cuts, but the economic backdrop has shifted materially.”QCP described a “difficult opening act” for Warsh, who should balance inflationary trends with pressure to cut rates from president Donald Trump.“Today’s meeting will therefore be about more than the rate decision,” it continued, referring to outgoing chair, Jerome Powell. “It will be Warsh’s first opportunity to secure buy-in from Powell and the rest of the Board, while establishing himself as a credible and independent Fed Chair.”Fed target rate probabilities for Wednesday FOMC meeting (screenshot). Source: CME GroupData from CME Group’s FedWatch Tool showed no odds of the Federal Open Market Committee (FOMC) cutting rates.Andre Dragosch, European head of research at crypto asset manager Bitwise, noted that markets increasingly expected a rate hike by the end of the year — a clear would-be headwind for crypto and risk assets.“IMO still a lot of monetary policy uncertainty around the question whether Warsh is rather hawkish or dovish amid the rise in inflation,” he wrote in a post on X.Fed target rate probabilities (screenshot). Source: CME Group