The 1-Hour chart shows a Bitcoin in "wait mode", consolidating just before today's macroeconomic announcements. The technical structure is textbook.
Consolidation Analysis:
🧱 Concrete Floor: The price is defending the $92,250 zone with all its might. Here, the EMA 20 (Yellow Line) and the VWAP (White Line) converge. It is the immediate support that we must not lose.
🚩 Flag in Formation: After reaching $94,500, the current pullback looks like a "Bull Flag". The market is taking a breather.
🔋 RSI Neutral (52): The best news. The RSI has reset to the mid zone (52.55). This means that if the FED news is favorable, we have plenty of room to attack the highs again without being overbought.
My Plan:
If the bulls hold at $92,200, the natural target is to retest the wick at $94,588. If we lose this support, the 50 EMA (Light Blue) awaits us at $91,800.
🇬🇧 English Summary:
BTC is consolidating at $92.3k ahead of the FED news. The price is holding perfectly above the 20 EMA and VWAP support cluster at ~$92,250. The RSI has reset to 52, indicating the market has cooled off and is ready for the next leg up if the macro news is positive. Key resistance remains at the recent high of $94.5k.
👇 Do you think the FED will drive Bitcoin to new highs or will we see a correction today?
$BTC #fomc #Fed #TechnicalAnalysis #TradingUpdate #BinanceSquare
⚠️ Disclaimer: This content is for educational and informational purposes only. It does not constitute financial advice. Do your own research (DYOR).
