Current Market Activity: Bitcoin is currently testing the $61,000 top of its range support, a strong resistance level, just ahead of tonight’s FOMC meeting.
Key Levels:
Range High Support/Resistance: $61,000
Lower Range Support: $57,000–$58,000
Next Major Resistance: $64,000–$67,000
Reversal Zone: $66,000–$68,000 (Required for upside shift)
Potential Outcomes:
Unfavorable FOMC News: BTC could test the $57,000–$58,000 support.
Favorable FOMC News: A break through $61,000 may lead BTC to the next resistance at $64,000–$67,000.
Trend Analysis: BTC continues to form lower highs, indicating a broader downtrend. A break and reclaim of the $66,000–$68,000 zone would suggest a potential reversal, but caution is necessary due to the volatility expected around the FOMC meeting.
#Bitcoin #BTC #FOMC #MarketAnalysis #SupportAndResistance #Crypto #Volatility #TechnicalAnalysis #PriceAction
Key Levels:
Range High Support/Resistance: $61,000
Lower Range Support: $57,000–$58,000
Next Major Resistance: $64,000–$67,000
Reversal Zone: $66,000–$68,000 (Required for upside shift)
Potential Outcomes:
Unfavorable FOMC News: BTC could test the $57,000–$58,000 support.
Favorable FOMC News: A break through $61,000 may lead BTC to the next resistance at $64,000–$67,000.
Trend Analysis: BTC continues to form lower highs, indicating a broader downtrend. A break and reclaim of the $66,000–$68,000 zone would suggest a potential reversal, but caution is necessary due to the volatility expected around the FOMC meeting.
#Bitcoin #BTC #FOMC #MarketAnalysis #SupportAndResistance #Crypto #Volatility #TechnicalAnalysis #PriceAction
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.