📊 Bitcoin 4H Outlook
check this out traders👇
Bitcoin is back at the minor support zone around $117,500, with no major changes to key technical levels at the moment.
I believe the market is waiting for Today Fed speech, as traders watch to see whether Powell will hint at a possible rate cut or stick with a no-cut stance.
Personally, I still believe there’s about an 80% chance the Fed won’t cut rates . So the best approach right now is to wait for the Fed outcome, then look for a clean higher timeframe (HTF) key level sweep before considering any safe swing long entries on BTC.
Minor support zone: $117500
Major support zone : 116000- 116500$BTC