$BTC #BTC Update ๐ŸŸ  | Holding Steady Ahead of Fed Cues

Bitcoin is currently trading around $66,000, showing resilience despite macroeconomic uncertainty. After last week's volatility, BTC has entered a consolidation phase โ€” a classic calm before the storm.

๐Ÿ“‰ Market Snapshot

24h Range: $65,300 โ€“ $66,800

Support: $64,800

Resistance: $67,500

Dominance: 54.2%

๐Ÿ’ฌ Key Drivers

Fed Policy Watch: Traders are eyeing the next FOMC signals for clues on rate cuts. Hawkish tone = pressure.

ETF Inflows: Spot BTC ETFs continue to see modest but steady inflows โ€” a bullish undercurrent.

Mt. Gox + Miner Activity: Some unease remains over BTC supply movement, but sell-side pressure hasnโ€™t materialized aggressively.

๐Ÿง  What Traders Are Saying

Many view this consolidation as a healthy pause โ€” BTC holding strong above its 100-day EMA and forming a potential base for a breakout.

๐Ÿ“ˆ Short-Term Outlook

Bullish Scenario: Break above $67.5k could open doors to $69kโ€“$70k.

Bearish Risk: Drop below $64.8k may trigger a test of $62.5k support.

Patience is key. Accumulation zones remain active, and long-term conviction holds firm.

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