Bitcoin Traders Add Bearish Leverage Before FOMC

As the FOMC decision looms at 2pm ET, BTC traders are piling into leveraged positions with a distinct bearish bias, evidenced by open interest climbing since the $79k retest yesterday, funding rates dipping below neutral, and a stark divergence in spot versus futures CVD where futures sellers dominate the pressure.

This setup echoes the cautious sentiment seen in last quarter's Fed pivots, where Bitcoin volatility spiked amid macro uncertainties, potentially foreshadowing a crypto market crash if rates surprise hawkishly—traders eye BTC price prediction paths tied to broader AI industry impact on tech liquidity flows.

From a technical confluence standpoint, BTC at $75426.84 probes the lower edges of its bearish structure, with the EMA50 at $76767.62 acting as immediate overhead resistance while the EMA200 at $74121.6 provides a deeper support floor that could cap downside if selling accelerates. MACD's death cross at -448.98 underscores sustained bearish momentum, yet the neutral RSI at 38.89 suggests room for oversold bounces before exhaustion; meanwhile, price trades snugly inside Bollinger Bands, testing the lower support at $74910.58 as a volatility exhaustion target, setting up a probable retest of that level amid FOMC jitters unless upper resistance at $78534.38 breaks convincingly.