BTC Tests $61,000 Range Ahead of FOMC Meeting
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
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.