BTC is back near the lower part of this morning's range. I'm watching its edges before the Fed.
At the September 16 13:59 UTC hourly close, Binance spot BTC/USDT was 75,646.01. The five candles opening from 08:00 through 12:00 UTC spanned roughly 75,350-76,304. Those are observed boundaries, not guaranteed support or resistance.
My map runs from this post through the September 16 17:59 UTC hourly close, just before the Fed's scheduled 18:00 UTC statement.
An hourly close above 76,304 would put a breakout above that range on my map; I'd want the next close to stay above it before calling the move persistent.
Closes between 75,350 and 76,304 leave price inside the reference range, even if individual wicks cross its edges.
An hourly close below 75,350 would signal a break below the morning range, without telling me how far a decline must go.
A subsequent hourly close back inside the range would invalidate either breakout reading. After 17:59 UTC, this map expires and needs a fresh assessment.
The decision is still ahead of us. This chart doesn't predict the Fed's choice or turn a brief price touch into confirmation.
Where do you expect the 17:59 UTC hourly close: A) above 76,304, B) inside 75,350-76,304, or C) below 75,350 — and what supports your view?
$BTC #Bitcoin
At the September 16 13:59 UTC hourly close, Binance spot BTC/USDT was 75,646.01. The five candles opening from 08:00 through 12:00 UTC spanned roughly 75,350-76,304. Those are observed boundaries, not guaranteed support or resistance.
My map runs from this post through the September 16 17:59 UTC hourly close, just before the Fed's scheduled 18:00 UTC statement.
An hourly close above 76,304 would put a breakout above that range on my map; I'd want the next close to stay above it before calling the move persistent.
Closes between 75,350 and 76,304 leave price inside the reference range, even if individual wicks cross its edges.
An hourly close below 75,350 would signal a break below the morning range, without telling me how far a decline must go.
A subsequent hourly close back inside the range would invalidate either breakout reading. After 17:59 UTC, this map expires and needs a fresh assessment.
The decision is still ahead of us. This chart doesn't predict the Fed's choice or turn a brief price touch into confirmation.
Where do you expect the 17:59 UTC hourly close: A) above 76,304, B) inside 75,350-76,304, or C) below 75,350 — and what supports your view?
$BTC #Bitcoin
