$BTC The key level 89,890 has been broken, which invalidated the diagonal and fundamentally changes the layout, we will update after the Fed's rate decision after 22:00 Moscow time.
The meeting with the 20th week should provide a halt to the upward trend, which can currently be marked as wave 3 or C. Let's see how the structure develops during the correction in wave 4, around the 38-50 level.
$BTC Market analysis report for BTC/USD for 1 hour Based on CoinAnk market data Current price: 89092.50 USDT Change over 24 hours: +0.501% Key support: 88676.70 USDT (S2) Key resistance: 89509.50 USDT (R1) Current trend: Bullish consolidation Detailed analysis: Overview of technical indicators: Moving average system: Bullish trend (MA5=89294.20, MA10=89070.14, MA20=88505.91), although the price is currently testing the MA5 support. The 120-period moving average at 88662.30 provides additional confluence with support S2.
There is a possibility of further decline, I don't see any upward entry point for now, but from the test of the 20-week bounce or reversal should already be expected.
Well then, the official exercises have started. And unofficially ....we will find out much later....for now, this is how it is.
IamKo
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The United States Central Command (CENTCOM) announced the start of multi-day exercises to ensure combat readiness, conducted by the Ninth Air Force (Central Air Command), aimed at demonstrating the ability to deploy, disperse, and sustain combat aviation in the Middle East. These exercises are designed to enhance the capabilities of dispersing equipment and personnel, strengthen regional partnerships, and prepare for flexible responses to emergencies within the framework of CENTCOM. They will serve as a way to test procedures for the rapid movement of personnel and aviation; dispersed operations in emergency locations; logistical support with minimal presence; as well as integrated multinational command and control over a vast operational area by the Central Air Command.