$BTC Still long on $BTC, but we could dip a bit lower here before closing the CME gap.

There’s another CME gap at $92,200, if we move down to close that one and take out the liquidity below the wicks, that would make sense.

Also, the FOMC meeting is on Wednesday, and quite often, markets sell off in advance of the meeting.

So, a move down to grab liquidity followed by a bounce from the FOMC event seems like the most likely scenario right now.

I really believe this meeting and Powell’s speech could act as a catalyst for altcoin momentum. Most alts are underperforming relative to Bitcoin, so some catch-up is likely.

For now, I remain long and will add to my position if we move lower, but I don’t want to see us drop below $91,000.