Bitcoin: FOMC and PCE Fuel Liquidation Hunt
@CrypNuevo warned that Bitcoin faces a volatile week with FOMC, PCE data and major earnings reports, noting that retail liquidations sit at $78.8k and are likely to be tested next.
SourceAnalysis
Bitcoin faces a high-impact week as FOMC and PCE releases coincide with earnings from roughly 20% of S&P 500 companies, according to trader @CrypNuevo.
Price action has already targeted retail stops in recent sessions, with the next liquidation cluster identified at $78.8k.
On the 4h chart Bitcoin trades at $80530.24 inside the Bollinger Bands while the EMA50 at $81629.35 and EMA200 at $81911.63 cap upside; RSI at 40.08 remains neutral and the MACD golden cross at -428.99 hints at building momentum, yet any push toward the upper band at $82050.24 would likely stall before a retest of the lower band near $79916.61 and the $78.8k liquidation zone below.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.