BTC holds near 76,000, is this stabilization—or just a brief breather before the FOMC?
Yesterday, the “CLARITY Act” was stalled in a procedural vote in the Senate. Regulatory implementation has added uncertainty, but it is not a permanent rejection. Tonight’s key is the FOMC decision at 2:00 a.m. Beijing time on September 17, followed by a press conference at 2:30 a.m. Besides interest rates, focus on the dot plot and the policy wording.
From a technical perspective, BTC is around 75.96k. Over the past 4 hours, it remains within a descending channel and is below the EMA20/50; the rebound has not yet reversed the bearish momentum. Support to watch is at 74,900–75,500, while resistance is in the 76,400–77,000 range.
My view: a credible scenario is one where volume surges and the market reclaims resistance, and where a pullback holds. If support breaks and it cannot be reclaimed after the break, the downside risk remains elevated. Don’t treat the first spike after the policy decision as confirmation of a reversal. $BTC $ETH
Yesterday, the “CLARITY Act” was stalled in a procedural vote in the Senate. Regulatory implementation has added uncertainty, but it is not a permanent rejection. Tonight’s key is the FOMC decision at 2:00 a.m. Beijing time on September 17, followed by a press conference at 2:30 a.m. Besides interest rates, focus on the dot plot and the policy wording.
From a technical perspective, BTC is around 75.96k. Over the past 4 hours, it remains within a descending channel and is below the EMA20/50; the rebound has not yet reversed the bearish momentum. Support to watch is at 74,900–75,500, while resistance is in the 76,400–77,000 range.
My view: a credible scenario is one where volume surges and the market reclaims resistance, and where a pullback holds. If support breaks and it cannot be reclaimed after the break, the downside risk remains elevated. Don’t treat the first spike after the policy decision as confirmation of a reversal. $BTC $ETH
