FOMC Day: Prepare for Potential Bitcoin Volatility!

semalam

Today is a big day for the markets – the US Federal Funds Rate decision and the FOMC Press Conference are scheduled, events that could potentially change the game for Bitcoin(BTCUSDT) and other assets.

But until the meeting begins, we still have time to analyze the charts and prepare.

Keep in mind: as we get closer to the announcement and especially during the release, the market could turn highly volatile. Manage your positions wisely and don’t forget your stop-loss levels.
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Bitcoin rose about +2% yesterday on the news that "Trump Family's American Bitcoin just went public on the Nasdaq."

Bitcoin is currently trading in an ascending channel and Resistance zone($116,900-$115,730) near the Cumulative Short Liquidation Leverage($118,354-$117,329).

In terms of Elliott Wave theory, if interest rates cut, Bitcoin could be completing wave 4 and then rising again and possibly forming a new All-Time High(ATH). On the other hand, if interest rates do NOT cut, Bitcoin appears to have completed wave C of the Zigzag Correction structure(ABC/5-3-5).

Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.

I expect Bitcoin to drop to at least $114,860(First Target) before the Fed meeting starts, and if interest rates are not cut, we will see a further and more sudden drop in Bitcoin. And if interest rates CUT, there is a high probability of a Bitcoin pump, so stick to the first target($114,860) for now.

Second Target: $114,470

Cumulative Long Liquidation Leverage: $115,597-$115,330

Cumulative Long Liquidation Leverage: $114,351-$113,640

Cumulative Long Liquidation Leverage: $113,031-$112,430

Do you think the Federal Reserve will cut interest rates?

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analysis (BTCUSDT), 2-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

17 jam lalu

Nota

Fed Rate Decision

Previous: 4.50% | Forecast: 4.25% | Actual: 4.25%

FOMC Press Conference in 30 min – stay cautious & use SLs!

17 jam lalu

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