$BTC Took the Hit. Then It Bought $76K Back. đ
Fed hiked +25 bp to 3.75%â4.00%. First hike since 2023. Unanimous. Warsh stayed hawkish. Dots still point to another hike this year.
BTC already ate that. Tuesday dumped to $74.9Kâ$75.6K on CLARITY fail + hike pricing. After the print it wicked $75K, then clawed back. This morning itâs around $76.2Kâ$76.6K.
What happened
Sell the rumor. Buy the fact. The hike was ~92% priced. Once it landed, shorts covered. $75K held. Thatâs the whole move.
Technical Snapshot
⢠Price: $76.2K â $76.6K
⢠Support: $75.0K â $75.6K
⢠Next support: $73K
⢠Resistance: $77.3K â $77.5K
⢠Ceiling: $79.5K
The Setup:
Reclaim, not breakout. $76K is back in play. Itâs not a new uptrend until $77.5K holds. Lose $75K on the next risk-off tape and this bounce was just a squeeze.
Alts follow BTC here. Donât fade $76K if it holds the day. Donât chase $80K on one Fed candle.
#BTC #fomc #Fed #crypto
Not financial advice.
Fed hiked +25 bp to 3.75%â4.00%. First hike since 2023. Unanimous. Warsh stayed hawkish. Dots still point to another hike this year.
BTC already ate that. Tuesday dumped to $74.9Kâ$75.6K on CLARITY fail + hike pricing. After the print it wicked $75K, then clawed back. This morning itâs around $76.2Kâ$76.6K.
What happened
Sell the rumor. Buy the fact. The hike was ~92% priced. Once it landed, shorts covered. $75K held. Thatâs the whole move.
Technical Snapshot
⢠Price: $76.2K â $76.6K
⢠Support: $75.0K â $75.6K
⢠Next support: $73K
⢠Resistance: $77.3K â $77.5K
⢠Ceiling: $79.5K
The Setup:
Reclaim, not breakout. $76K is back in play. Itâs not a new uptrend until $77.5K holds. Lose $75K on the next risk-off tape and this bounce was just a squeeze.
Alts follow BTC here. Donât fade $76K if it holds the day. Donât chase $80K on one Fed candle.
#BTC #fomc #Fed #crypto
Not financial advice.
