Clean uptrend on the 1D chart with strong higher highs and higher lows. Price is holding around the $1,600 zone after a strong move from the $1,000 area.
If buyers keep control, this chart could get very interesting. $ZEC momentum is not slowing down.
Stocks getting crushed right now as the Fed stays hawkish after a 25 bps hike, oil moves above $100, 10Y yields push near 5%, inflation fears rise and AI stocks face heavy selling. Higher yields are draining risk appetite and crypto is feeling the pressure too.
The market is seeing fresh liquidations as leverage gets flushed out and traders react to the upcoming Fed decision
What I’m watching now is whether BTC can hold the $76K to $77K zone
If longs keep getting liquidated below support we could see another quick move lower but if sellers get exhausted this liquidation could also create the setup for a bounce
For me the next few hours are all about BTC price action volume and liquidation data$BTC