Following the 25 bps rate cut from the FED, #Bitcoin was sharply rejected from the $94K range highs.
Volume remains low today, and price is currently chopping between two key levels: $89.5K (Monday Low) and $90.3K (Monthly Open).
The choppy range from last weekend is acting as 4H support at $89.5K, but I’m watching closely for a 4H close below $89K.
If BTC accepts below and then rejects from this level, a move back toward the $87K area becomes likely.
For confidence in upside continuation, we need to see 4H acceptance above $94K.
BTC
92,240.63
+2.10%