Today's FOMC Meeting could be a key moment for Jerome Powell. Will the Fed start aggressive cuts in 2026 or stay cautious? Lower rates=more liquidity = potential crypto upside🚀 $BTC #fomc #FOMC
FOMC Dump imminent [Here is Why] !!Jerome Powell Last FOMC
Later Today we have the FOMC Minutes where Jerome Powell Will be speaking. Today's meeting is expected to be the last Jerome's Powell FOMC as we expect Kevin Warsh to be confirmed next month.
Let's look at what happened after the previous FOMC meeting. From the chart below the last 7 FOMC meetings have resulted in a dump.
Today might not be any different. We have seen a break to the lower side of a trendline on the 4 hour chart and even retested which is a clear indication that we might continue lower.
A bear Market rally is a temporary rise in prices that occurs within a broader downward trend (a bear market). Despite the short-term upward movement, the overall market sentiment remains negative, and prices typically resume falling after the rally ends.
In simpler terms, it’s a “false recovery” where prices go up for a while, giving the impression that the market is turning bullish—only for the downtrend to continue afterward.
How To Spot One Happens during a clear downtrend (lower highs & lower lows)Price rallies but fails to break key resistanceVolume often weak or decliningIndicators show relief, not reversal (e.g. RSI moves from oversold → neutral) 🤔 Why Do Bear Market Rallies Happen? These rallies don’t just appear randomly: Short covering → Traders closing sell positions push price upOversold bounce → Price reacts after heavy sellingMarket hype/news → Temporary optimism enters the market 🔥 Final Thought In a bear market, pumps are often traps—not trends.
$TAO is holding support between $260-$192.73 which is the blue target area.
This is after a 5 wave rally completing a larger wave 1. Then we saw a pullback in wave 2. This support needs to hold.
On holding this level watch for a reversal and a continuation higher. A break of this support box will confirm a more bearish move targeting the lows at $142.85. #TAO
$GALA has seen a nice bounce from the $0.00268 low. Currently watching for a break above the $0.00351 high.
A reclaim of this high will trigger a rally to $0.004 in the coming days. A break below $0.00315 will trigger a pullback to $0.003 as the next breakdown target.
$BTC has formed a bear flag on the daily chart which is a bearish pattern that breaks to the lower side. This after a massive rally from the Feb lows at $60k.
We are now at key resistance ares which might trigger a breakdown move and a breakout out of the bear flag.
$73.3k is an area that you I am watching. A break below that level will trigger a breakdown move to $70k. If $70k support breaks then we can quickly test support at $65k, $63k and then sweep liquidity down at $60k. #BTC
$QNT is breaking down after failing to break above $81.70. We have now seen a breakdown move to support at $69.56 which is support.
A break below $69.56 will trigger a breakdown move having $65 and $62 as the next targets. On holding $69.56 there is a chance of a rally back above $75 and $80.42 as the next targets.
$POL has seen a massive rally from the $0.08101 low. The move higher has completed a 5 wave structure making a high at $0.09677. This 5 wave structure has completed a larger wave 1.
An Elliot wave 2 is now imminent. We need to get a topping structure so that the pullback can start. Assuming the high is in(Which is most likely) watch for a pullback to the golden pocket.
Golden Pocket lies between $0.08889-$0.08703. In this area watch for support and a reversal higher. A break of this support box watch for a pullback to $0.08438 which is the next support.
Bitcoin is breaking down after a sharp rejection at $76.2k. Immediate support lies between $74.5k-$72.2k. Watch for support in this area and a possible reversal higher.
But a break below $72.2k will trigger a breakdown move having $70 and $67k as the next targets.