📊 BTC 26/10 - How volatile could price action be ahead of the FOMC news?
From yesterday until now, BTC has been trading in the 79.3k–81k range, and it’s pretty uncomfortable trying to tell whether this is accumulation before moving up or accumulation before another drop.
Looking at multiple timeframes, the larger 1D, 2D, and 3D charts are still aligned in pointing to a downtrend for the market. However, today the market is more likely to see a slight rebound.
→ The evidence leans more toward the downside, as more of the larger timeframes are gradually coming into agreement.
The current SW zone is still 79.1k–84.8k. If price stays within this range and remains near the current bottom, its direction will be harder to predict leading up to FOMC.
🎯 Current strategy:
SHORT: For a short, I’d look at resistance zones, starting with the smaller timeframes and moving up to the larger ones. But the two most important zones are 81k and 82k.
LONG: If price can continue to hold above 79k (50/50 odds), you could go long toward the resistance zones in the short scenario.
⚠️ Trading mindset: Price may move around here and gradually make the direction more of a 50/50 call if it holds the 79k zone for too long, so be more cautious and manage your expectations.
I’ll be livestreaming tonight around 20:00–22:00 to take a deeper look at next week’s scenarios. See you there, guys :D
From yesterday until now, BTC has been trading in the 79.3k–81k range, and it’s pretty uncomfortable trying to tell whether this is accumulation before moving up or accumulation before another drop.
Looking at multiple timeframes, the larger 1D, 2D, and 3D charts are still aligned in pointing to a downtrend for the market. However, today the market is more likely to see a slight rebound.
→ The evidence leans more toward the downside, as more of the larger timeframes are gradually coming into agreement.
The current SW zone is still 79.1k–84.8k. If price stays within this range and remains near the current bottom, its direction will be harder to predict leading up to FOMC.
🎯 Current strategy:
SHORT: For a short, I’d look at resistance zones, starting with the smaller timeframes and moving up to the larger ones. But the two most important zones are 81k and 82k.
LONG: If price can continue to hold above 79k (50/50 odds), you could go long toward the resistance zones in the short scenario.
⚠️ Trading mindset: Price may move around here and gradually make the direction more of a 50/50 call if it holds the 79k zone for too long, so be more cautious and manage your expectations.
I’ll be livestreaming tonight around 20:00–22:00 to take a deeper look at next week’s scenarios. See you there, guys :D
