Bitcoin ($BTC) Analysis:

It's advisable to wait for a short setup. The current low wick of the 4-hour candle is at the Fibonacci level of 60. The price could still drop to the Fibonacci level of 78-80, which is the optimal entry point for buyers.

Be cautious of the upcoming FOMC meeting, as it could cause unexpected market movements. Therefore, a single short trade is recommended.

However, if you are eager to ride the bull trend, entering at the 78 Fibonacci level is ideal, with a stop loss set below 63410.

This is not financial advice.