💰$BTC UPDATE
Symmetrical Triangle Forming! Key FOMC Impact Ahead 🔥
$BTC is currently trading inside a symmetrical triangle on the 4H timeframe, awaiting a breakout or breakdown for a confirmed move.
Tomorrow’s FOMC meeting will be a major catalyst, shaping the market’s direction for the next few days. Let’s see what Powell has in store!
🔎 Key FOMC Points to Watch:
1️⃣ Rate Decision: Fed expected to hold steady on March 19.
2️⃣ Dot Plot:
3 cuts → 🚀 Bullish
2 cuts → 🤔 Neutral
1 cut or less → 📉 Bearish
3️⃣ Powell’s Press Conference:
Focus on rate cuts & a potential end to QT, which could boost markets.
