$BTC Plays with everyone before the FOMC Open Market Committee meeting. Don’t fall into the mid-trap!🚨💀.
Yesterday, Bitcoin initially responded from the support levels highlighted, but the rebound remained weak. Relatively strong claims for U.S. unemployment benefits, rising oil prices, and a strong U.S. dollar contributed to this.
Unemployment claims came in at 187K versus 211K expected, showing that the American labor market is still strong.
Now, Bitcoin has reached an important demand zone and produced a small rebound. If BTC can hold above this level, it may provide a good buying opportunity, with upside targets around:
$65K $66K $67K
I placed an immediate order at 63.7k.
However, personally, I don’t expect BTC to break through and hold above 67K before the end of this month. The FOMC meeting is approaching, and traders usually become more cautious ahead of such a major event. Many investors avoid taking aggressive positions in risky assets until the picture becomes clearer from the Federal Reserve.
Therefore, the most likely scenario is that BTC keeps moving within the broader range 62K–67K.
$ETH It can also bounce from this level and then retrace Bitcoin’s move.
Stay tuned for the next update 🚨
Bitcoin holds near 65400 despite the Mag Seven’s loss of $797B; the Bitcoin options block is at 70K and 72K
Strikes
Please follow up
#FedSeptHikeOddsJumpToAbout82%
Yesterday, Bitcoin initially responded from the support levels highlighted, but the rebound remained weak. Relatively strong claims for U.S. unemployment benefits, rising oil prices, and a strong U.S. dollar contributed to this.
Unemployment claims came in at 187K versus 211K expected, showing that the American labor market is still strong.
Now, Bitcoin has reached an important demand zone and produced a small rebound. If BTC can hold above this level, it may provide a good buying opportunity, with upside targets around:
$65K $66K $67K
I placed an immediate order at 63.7k.
However, personally, I don’t expect BTC to break through and hold above 67K before the end of this month. The FOMC meeting is approaching, and traders usually become more cautious ahead of such a major event. Many investors avoid taking aggressive positions in risky assets until the picture becomes clearer from the Federal Reserve.
Therefore, the most likely scenario is that BTC keeps moving within the broader range 62K–67K.
$ETH It can also bounce from this level and then retrace Bitcoin’s move.
Stay tuned for the next update 🚨
Bitcoin holds near 65400 despite the Mag Seven’s loss of $797B; the Bitcoin options block is at 70K and 72K
Strikes
Please follow up
#FedSeptHikeOddsJumpToAbout82%