$BTC BTC pumps to ~$89,470 pre-FOMC.

Because Bitcoin had this pump and held, we broke market structure by gaining ~$88,937 on the H1.

This means, based on time & distance statistics, that taking out the weekly low has a low probability.

Therefore, it's legit to look for longs per my system.

For longs, I want to protect the H1 structure and hold ~$87,487. If we retest that region, I'll be looking for longs after reversals.

A more aggressive scenario is a sweep of the current low, and longing the M15 MSB.

For both the longs, ~$91,180 is my final target. As we all know that big wicks are a draw on liquidity. ETH already tested that wick, but BTC didn't.

This doesn't mean shorts are completely off the table. If we lose ~$87,487 and break H1 market structure, I'll short the continuation.

It's FOMC-day today, so probably not trading until after the news.