All eyes are on the Federal Reserve as Bitcoin hovers in a tight range, caught between technical tension and macroeconomic uncertainty. With the FOMC decision just hours away, traders know one thing: Jerome Powell’s words could change everything.
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🔍 Price Snapshot
Current Price: $117,810.77
24h Change: +0.41%
Range: $116K – $123K
Bitcoin’s consolidation is tightening — a textbook signal that a major move is brewing.
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📉 The Technical Setup
Daily Chart: Bulls Still in Control?
BTC is clinging to the $114K ascending trendline, the base of its multi-month bullish channel. A break below could invalidate the structure, potentially dragging prices toward the $111K support zone.
However, as long as this line holds, the setup stays bullish. A strong FOMC signal could be the fuel BTC needs to test and break $123K resistance.
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4-Hour Chart: The Calm Before the Breakout
Bitcoin is forming a bullish continuation flag, a pattern that often precedes explosive rallies. The range-bound action isn’t weakness — it’s accumulation. The market is simply waiting for a trigger.
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🏛️ The Macro Trigger: Powell’s Tone Is Everything
Fed Chair Jerome Powell steps up to the mic tonight. The market is split between expectations of a dovish pivot or continued hawkish resolve. And with Trump pressing for rate cuts amid mounting political pressure, any hint of flexibility from the Fed could be enough to:
🔼 Break Bitcoin’s upper range
🚀 Kick off a fresh bullish leg toward new all-time highs
Conversely, a hawkish surprise could rattle confidence and drag Bitcoin below key support levels.
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💡 What to Watch For
FOMC Statement Language – Any shift toward “data dependency” or softening inflation language
Powell’s Tone in Q&A – Hints at rate cuts, political independence, or inflation fatigue
Market Reaction in First 30 Minutes – Expect volatility. Spikes often follow Powell’s first few comments
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📢 Final Take:
Bitcoin is in pause mode, but not for long. The moment Powell speaks, volatility will roar back, and BTC could make its next big move. Traders and investors should be on high alert — the next wave could arrive in seconds.
Stay sharp. Stay ready.
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