BTC: Trader Flags FOMC Volatility and Local Lows
BTC at $77043.3 eyes local lows ahead of FOMC as CrypNuevo highlights wick fill strategy amid neutral RSI and EMA50 resistance at $77853.64.
SourceAnalysis
BTC trader @CrypNuevo nailed the first 48 hours of price action this week and now flags heavy volatility tomorrow during the FOMC decision, with price likely to revisit local lows via the wick fill strategy.
Price sits at $77043.3 inside the Bollinger Bands with upper resistance at $78613.6 and lower support at $76320.34; the bearish trend structure keeps the EMA50 at $77853.64 as immediate resistance while the EMA200 at $74463.3 offers deeper support, RSI at 43.79 stays neutral, and MACD at -48.29 confirms a bullish golden cross that could fuel continuation only after a healthy retracement to the 50-EMA.
CrypNuevo
@CrypNuevoAn unbiased technical analyst specializing in liquidity dynamics and market psychology, transcending bull-bear narratives.