Before the CPI release I noted that $BTC Bitcoin could push toward $64.7K if volatility swung in favor of the bulls. The market did exactly that it ran into the target and then met heavy selling pressure.
The move couldn’t hold. Once the momentum faded, BTC gave back the gains and slipped back toward the $63.2K area. It’s a clean reminder that news-driven pumps usually need real confirmation before they turn into a lasting trend.
Right now the main question is whether buyers can keep defending support or if sellers take back full control. A strong break and hold above resistance would hand momentum back to the bulls, while a loss of support would open the door for another leg lower.
Trading isn’t about calling every candle. It’s about spotting high-probability setups, managing risk, and letting the market confirm the idea.
#FOMCWatching
The move couldn’t hold. Once the momentum faded, BTC gave back the gains and slipped back toward the $63.2K area. It’s a clean reminder that news-driven pumps usually need real confirmation before they turn into a lasting trend.
Right now the main question is whether buyers can keep defending support or if sellers take back full control. A strong break and hold above resistance would hand momentum back to the bulls, while a loss of support would open the door for another leg lower.
Trading isn’t about calling every candle. It’s about spotting high-probability setups, managing risk, and letting the market confirm the idea.
#FOMCWatching