🪙 $BTC update: After this minor correction, many of you might be a bit worried. Currently, $BTC is moving within a channel and appears to be forming a bear flag on the 4HTF. Fortunately, we have strong support just below our channel, which is holding up for now.
If we bounce from this support, we can expect $45,700 next. However, if we close few candles below $42,000, the fall could extend to $40,100, which would be another good area to add to our spot wallets.
There's an interest rate decision today, and expectations remain that it will remain unchanged. Frankly, we haven't seen much movement with the FOMC in the last few months, and I'm not expecting any surprises here either.
I'll be on the sidelines until we confirm this support. In both scenarios, we'll share the trade opportunity with everyone.
