$BTC swept the $75.5K low following the failed CLARITY Act vote.
As mentioned yesterday, a bearish move below $75.5K was the reaction I was watching, and it has now played out.
With FOMC today, I’m not expecting much volatility before the announcement. Ideally, Bitcoin consolidates into the event, with the release triggering another liquidity sweep.
If that happens, I’ll be watching for a potential corrective move higher and a long setup.
The key is patience: let price action and spreads normalize after the release before entering.
For now, local scalps may be possible, but I’m not particularly interested. If you’re holding positions into FOMC, manage your risk accordingly.
#FedRateWatch #BitcoinFalls4%
As mentioned yesterday, a bearish move below $75.5K was the reaction I was watching, and it has now played out.
With FOMC today, I’m not expecting much volatility before the announcement. Ideally, Bitcoin consolidates into the event, with the release triggering another liquidity sweep.
If that happens, I’ll be watching for a potential corrective move higher and a long setup.
The key is patience: let price action and spreads normalize after the release before entering.
For now, local scalps may be possible, but I’m not particularly interested. If you’re holding positions into FOMC, manage your risk accordingly.
#FedRateWatch #BitcoinFalls4%
