Overview of $BTC and the nearest forecast...
Today in the afternoon we exited the triangle on the chart downwards, and broke through the lower boundary of the range at $102,000 and moved out of it to an important support level for us.
We formed a local low at $97,800 and received a local reaction.
In my opinion, this is part of the manipulation before the decision on the Fed's interest rate, which will be announced on the 29th. Either we are anticipating a negative scenario in advance, or we are now removing liquidity before positive news, one of the two.
Locally, there is potential to show a rebound on the retest at $102,000, but for this, it is necessary to maintain a position above $99,000 on the 4-hour chart, and of course, there should be buying volumes. The local fate will depend 90% on the opening of America today, so we are waiting!
I think at the moment I will not jump in here, as the risks are very high 🤝
