Bitcoin is poised for potential volatility as two significant macroeconomic events converge on January 28, 2026. The Federal Reserve's interest rate decision and U.S. crude oil inventory data are expected to influence market expectations on inflation and liquidity, impacting Bitcoin's near-term trajectory. Analyst GugaOnChain highlighted the day as a "super Wednesday" for global markets, noting Bitcoin's sensitivity to energy shocks and monetary policy changes. Currently, West Texas Intermediate crude futures are trading around $61 per barrel, with declining market participation indicating caution ahead of these key announcements. Bitcoin has shown a moderate negative correlation with crude oil recently, rising over 5% while oil prices remained flat. Bitcoin's price has seen a slight 0.6% increase in the last 24 hours, trading between $87,000 and $89,000. Despite this, the cryptocurrency is down 3.6% over the past week and remains 12% lower year-over-year. Institutional flows have been uneven, with $405 million exiting Bitcoin-linked products recently. As traders await clarity from the Fed and energy markets, Bitcoin's current tight trading range reflects limited conviction.