$BTC

General direction (Trend):

Bullish in the daily timeframe, but the price has been moving within a narrow sideways channel between 94,500 – 98,000 for days, awaiting a clear breakout.

2. Support and resistance:

Strong support: 94,000 – 94,500

Critical resistance: 98,200 – 99,000

Sustained breakout above 99,000 = gateway to the breakout of 100K.

3. Technical indicators:

RSI on daily near 65 = moderate strength but no overbought conditions so far.

Positive but converging MACD indicates indecision in the market.

Trading volume is relatively low = the market is on hold.

Fundamental factors:

The market is awaiting results from the FOMC meeting in the coming hours, which is causing clear indecision.

The volatility situation is due to fears of tightening by the Federal Reserve or Powell's future tone.

Potential scenarios:

1. If the Federal Reserve's statements are positive or neutral:

BTC could break 98K quickly, with a first target at 102,000 and then 105,500.

2. If the statements are negative (tightening / surprise rate hike):

A drop towards 93,500 – 92,000 is very likely, and it is recommended to wait for a clear bounce before buying.

Advice for the trader:

Now is not the time to make reckless decisions, but to observe and maintain discipline.

Wait for a clear breakout of resistance or support, and enter with strict capital management.