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#FOMC_Decision is in 1 hour 50 minute
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๐ฐ Market Update: Bitcoin at a Critical Juncture Bitcoin is currently testing the $101K level โ the long-watched $100K zone finally came into play, as many anticipated. This range between $101Kโ$100K marks the lows of a 6-month consolidation, and so far, price action is showing signs of holdingโbut just barely. ๐ Downside outlook: If weakness continues, a move toward $93.3K in the coming days or week looks plausible, with a CME Gap near $92K that could act as a potential magnet for price. ๐ Upside scenario: Should BTC start recovering from current levels, the $104.4Kโ$106K area is expected to offer strong resistance before any sustained push higher. โ๏ธ In short, Bitcoin sits at a pivotal point โ traders will be watching closely to see if the $100K floor holds or if the next leg down begins.
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@TeamMoneyCompany #TRADERTIPS #FantasyTop
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Fake pump & Dump โฝ
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๐ Market Update BTC/USD 4H Outlook Support Holding: Bitcoin has reclaimed the Weekly Open at $117.2 and is currently holding above it. This level could act as a weekend range support given the typically low volatility during this time. Downside Watch: If price breaks below $117.2, the next demand zone sits around $115.7 (Previous Week Low) โ still untested. Upside Levels: Resistance remains near Monday High, just below which we have a supply zone. Price action here should be monitored closely on lower timeframes for any rejection or breakout signs. ๐ Volatility Outlook: Low to moderate expected. Risk management remains crucial.
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