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Today marks one of the most important economic events of the week, as financial markets await the U.S. interest rate decision. For that reason, today's analysis will focus on the 1-hour timeframe to get a clearer view of Bitcoin's short-term market structure.
⏳ 1H Timeframe
On the 1-hour timeframe, Bitcoin is still trading within a bearish market structure and has now reached an important support zone.
The current support level is $63,080. After reacting to this area, price staged a relatively deep correction and has now recovered toward $64,647.
Based on the current chart structure and the decline in trading volume, it appears that the market is waiting for the interest rate announcement. This explains why Bitcoin has lacked a strong directional move over the past few days, as many traders have preferred to stay on the sidelines until the outcome of the Federal Reserve meeting is known.
🔎 Trading Scenario
If you plan to trade around the news event, you can use the following higher-risk triggers:
A breakout above $64,647 could serve as a long entry trigger.
A breakdown below $63,644 could serve as a short entry trigger.
If the Federal Reserve cuts interest rates, the probability of a breakout above $64,647 and a stronger bullish scenario would increase.
On the other hand, if the outcome is less favorable than the market expects and selling pressure increases, a break below $63,644 could activate the bearish scenario.
💼 My View
Personally, I recommend avoiding trades during the announcement itself. The first few minutes after the interest rate decision are often extremely volatile and unpredictable, significantly increasing trading risk.
I'm also currently out of the market and prefer to wait for the market's reaction before considering a new position.
📝 Summary
At the moment, Bitcoin remains in a waiting phase, and the decline in trading volume supports that view. The outcome of the Federal Reserve meeting is likely to determine the market's short-term direction, so it's better to wait for the initial price reaction and manage risk carefully before entering a trade.
Note: There is no certainty regarding the interest rate decision. While some traders may expect rates to remain unchanged, the Federal Reserve's final decision will depend on its assessment of economic conditions and inflation. Until the official announcement is made, no outcome can be assumed with confidence.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Today marks one of the most important economic events of the week, as financial markets await the U.S. interest rate decision. For that reason, today's analysis will focus on the 1-hour timeframe to get a clearer view of Bitcoin's short-term market structure.
⏳ 1H Timeframe
On the 1-hour timeframe, Bitcoin is still trading within a bearish market structure and has now reached an important support zone.
The current support level is $63,080. After reacting to this area, price staged a relatively deep correction and has now recovered toward $64,647.
Based on the current chart structure and the decline in trading volume, it appears that the market is waiting for the interest rate announcement. This explains why Bitcoin has lacked a strong directional move over the past few days, as many traders have preferred to stay on the sidelines until the outcome of the Federal Reserve meeting is known.
🔎 Trading Scenario
If you plan to trade around the news event, you can use the following higher-risk triggers:
A breakout above $64,647 could serve as a long entry trigger.
A breakdown below $63,644 could serve as a short entry trigger.
If the Federal Reserve cuts interest rates, the probability of a breakout above $64,647 and a stronger bullish scenario would increase.
On the other hand, if the outcome is less favorable than the market expects and selling pressure increases, a break below $63,644 could activate the bearish scenario.
💼 My View
Personally, I recommend avoiding trades during the announcement itself. The first few minutes after the interest rate decision are often extremely volatile and unpredictable, significantly increasing trading risk.
I'm also currently out of the market and prefer to wait for the market's reaction before considering a new position.
📝 Summary
At the moment, Bitcoin remains in a waiting phase, and the decline in trading volume supports that view. The outcome of the Federal Reserve meeting is likely to determine the market's short-term direction, so it's better to wait for the initial price reaction and manage risk carefully before entering a trade.
Note: There is no certainty regarding the interest rate decision. While some traders may expect rates to remain unchanged, the Federal Reserve's final decision will depend on its assessment of economic conditions and inflation. Until the official announcement is made, no outcome can be assumed with confidence.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.