🧠 Summary:
Bitcoin (
BTCUSD) has moved up to the upper part of the resistance zone I highlighted in my previous analysis. That analysis still holds—I’m still expecting BTC to start pulling back from here.
🔍 Key Levels:
- Resistance zone: $94 000 - $98 000
- Support zone: $86 000 - $83 000
- Major Support zone: $72 000 - $68 000
📅 Upcoming Events:
Wednesday:
FOMC & Fed rate decision – No rate cuts expected at this time.
Thursday:
Initial Jobless Claims – Est. 234K
📊 Macro & Fed Context:
Last week’s data came in softer than expected, sparking a brief market rally. However, that data was released before the new tariffs. Tomorrow (Wednesday) is the FOMC meeting—while Trump is pushing for rate cuts, I don’t expect Powell to move yet.
The Fed is likely waiting for post-tariff economic data before making any decisions. The data in the coming months will provide a clearer picture and help guide future rate cuts more effectively.
📈 Technical Outlook:
BTC is retracing and showing signs of weakness at the current high, which I believe will serve as a local top. It’s possible we retest the $98.8K–$99K range again, but I expect that to be the absolute ceiling.
🧭 Trading Plan (Not Financial Advice):
I’m entering a short position here with an average entry around $96K.
Bitcoin (
BTCUSD) has moved up to the upper part of the resistance zone I highlighted in my previous analysis. That analysis still holds—I’m still expecting BTC to start pulling back from here.🔍 Key Levels:
- Resistance zone: $94 000 - $98 000
- Support zone: $86 000 - $83 000
- Major Support zone: $72 000 - $68 000
📅 Upcoming Events:
Wednesday:
FOMC & Fed rate decision – No rate cuts expected at this time.
Thursday:
Initial Jobless Claims – Est. 234K
📊 Macro & Fed Context:
Last week’s data came in softer than expected, sparking a brief market rally. However, that data was released before the new tariffs. Tomorrow (Wednesday) is the FOMC meeting—while Trump is pushing for rate cuts, I don’t expect Powell to move yet.
The Fed is likely waiting for post-tariff economic data before making any decisions. The data in the coming months will provide a clearer picture and help guide future rate cuts more effectively.
📈 Technical Outlook:
BTC is retracing and showing signs of weakness at the current high, which I believe will serve as a local top. It’s possible we retest the $98.8K–$99K range again, but I expect that to be the absolute ceiling.
🧭 Trading Plan (Not Financial Advice):
I’m entering a short position here with an average entry around $96K.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💻 Learn more at yungzkittlez.com/ — Free trading education, market updates, and tools to help you trade smarter.
No fluff. Just real strategies from 5+ years in the game. 🌴
No fluff. Just real strategies from 5+ years in the game. 🌴
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.