🚨 Tomorrow could be a very tough day for $BTC.
Markets are watching today’s Fed decision closely, with traders pricing in a high chance of a 25 bps rate hike. If that happens, I think Bitcoin could face more selling pressure and potentially retest lower levels.
My downside levels to watch are:
📉 $76K → $69K → $60K → $54K
Higher interest rates can tighten financial conditions, keep bond yields elevated, and make risk assets like Bitcoin harder to hold.
Bitcoin is also heading into the Fed decision with relatively weak spot buying demand. If real selling picks up, this rally could unwind quickly.
If $70K breaks, the next major areas of liquidity could be much lower. That’s where market fear could increase significantly and we could see a deeper capitulation.
The Fed decision could be the catalyst that determines Bitcoin’s next major move. 👀
I’m posting daily updates and tracking major macro events so you don’t miss the important moves.
Follow me and turn on notifications 🔔
#BTC #CryptoNews #bitcoin #ETH #
Markets are watching today’s Fed decision closely, with traders pricing in a high chance of a 25 bps rate hike. If that happens, I think Bitcoin could face more selling pressure and potentially retest lower levels.
My downside levels to watch are:
📉 $76K → $69K → $60K → $54K
Higher interest rates can tighten financial conditions, keep bond yields elevated, and make risk assets like Bitcoin harder to hold.
Bitcoin is also heading into the Fed decision with relatively weak spot buying demand. If real selling picks up, this rally could unwind quickly.
If $70K breaks, the next major areas of liquidity could be much lower. That’s where market fear could increase significantly and we could see a deeper capitulation.
The Fed decision could be the catalyst that determines Bitcoin’s next major move. 👀
I’m posting daily updates and tracking major macro events so you don’t miss the important moves.
Follow me and turn on notifications 🔔
#BTC #CryptoNews #bitcoin #ETH #
