As Bitcoin #BTC trades just above $97,300, savvy traders are observing signs of classic Wyckoff market behavior on lower timeframes — specifically on the 5-minute chart. With the U.S. #FederalReserve's interest rate decision looming tonight, these structural movements may not be a coincidence.
Let’s break down the recent price action and what it could mean in the short term.
Wyckoff Structure: Accumulation → Manipulation → Distribution
Over the course of the trading day, #Bitcoin has shown a clean Wyckoff model unfolding in three key phases:
1. Accumulation Zone
From approximately 12:30 PM to 6:00 PM (UTC+5), #BTC consolidated in a horizontal range. This phase often indicates institutional accumulation, where large buyers build positions quietly without moving the market significantly.
2. Manipulation (Spring)
At around 6:30 PM, the price dipped sharply below the accumulation range — a move often referred to as the “spring” in Wyckoff terms. This fakeout is designed to shake out weak hands, triggering stop-losses and luring in short-sellers, before rapidly reversing.
This dip tapped into a clearly marked Bullish Order Block (Bu-OB) around the $96,700 level and was followed by an aggressive rally.
3. Distribution Zone
The rally pushed BTC into a supply zone around $97,500, where distribution appears to have begun. Price has slowed down significantly within this zone, suggesting larger players may now be offloading positions ahead of potential volatility
Fed Interest Rate Decision – The Wildcard
All of this is happening just hours before the U.S. Federal Reserve announces its interest rate decision at 11:00 PM (UTC+5).
Forecast: 4.5%
Previous: 4.5%
Actual: Pending
Although no rate change is expected, the market reaction often hinges more on the tone and commentary during the announcement than on the rate itself. Traders should be prepared for sudden swings in either direction.
What to Watch Next
Breakdown from Distribution Zone: Could trigger a return to the $96.7K Bu-OB area.
Fakeout & Continuation: If price breaks above the distribution zone, BTC could rally toward $98,000.
Volume Confirmation: Watch for spikes in volume that accompany breakouts or breakdowns — these are often signs of institutional action.
Final Thoughts
This precise Wyckoff pattern unfolding right before a major macroeconomic event may not be random. It suggests that smart money is actively positioning ahead of the news — either to capitalize on volatility or to exit quietly before potential market shocks.
Stay sharp, manage risk, and don’t trade emotionally. The market’s next big move could be just hours away.
📌 Follow for real-time updates, chart breakdowns, and strategy insights.