FOMC week is setting up like a classic liquidity hunt. $BTC has a fat cluster of long liquidations stacked just below the range around $78K — visible, obvious, and sitting there like bait.
I'm not trusting the $79.5–80K support zone to hold through the announcement. If that breaks, those longs become the path of least resistance. A sweep through recent lows would trigger forced selling and likely drag price straight into that $78K pocket.
That move would also line up with the bigger picture — carving out a deeper higher low somewhere in the $70Ks before the next leg up actually begins.
If we're going higher in the weeks ahead, using this event to flush out overleveraged longs below the range is textbook market maker behavior. I'd be more surprised if they didn't take the shot.
I'm not trusting the $79.5–80K support zone to hold through the announcement. If that breaks, those longs become the path of least resistance. A sweep through recent lows would trigger forced selling and likely drag price straight into that $78K pocket.
That move would also line up with the bigger picture — carving out a deeper higher low somewhere in the $70Ks before the next leg up actually begins.
If we're going higher in the weeks ahead, using this event to flush out overleveraged longs below the range is textbook market maker behavior. I'd be more surprised if they didn't take the shot.