**

**Market Overview:**

Bitcoin (BTC) continues to trade within a tight range today, reflecting cautious sentiment among traders ahead of key macroeconomic events. As of the latest data, BTC is priced at approximately $32,500, experiencing a slight 0.5% decline over the past 24 hours.

**Price Movement & Technical Analysis:**

- **Support Levels:** $32,000, $31,500

- **Resistance Levels:** $33,000, $33,500

- The Relative Strength Index (RSI) remains around 45, indicating neutral momentum.

- Moving averages suggest a consolidating trend, with the 50-day MA hovering just below the current price.

**Market Drivers:**

- Investors are awaiting Fed decision on interest rates, which could influence risk appetite.

- Bitcoin remains supported by ongoing institutional interest and macroeconomic uncertainties.

- Recent regulatory developments in key markets continue to be monitored by traders.

**On-Chain Insights:**

- Whale activity remains steady, with large holders accumulating, signaling confidence in long-term prospects.

- Network hash rate continues to trend upward, indicating robust miner participation.

**Outlook:**

While short-term volatility persists, the overall outlook remains cautiously bullish, with key support levels holding. Traders are advised to watch for breakout signals above resistance or a dip below support to guide their next moves.