**BTC Update:**
BTC recently tested and bounced off the crucial support level of 58,500, trapping short sellers. This marks the second time it has rebounded from the H4 EMA50, reinforcing a bullish trend.
While the overall trend remains upward, there's still potential for short-term volatility due to untapped liquidity and remaining short positions above the current price.
Altcoins are generally underperforming compared to BTC as BTC's dominance continues to increase.
Tomorrow's FOMC meeting is expected to cause significant market swings as traders anticipate liquidity shifts.
Trade safe đ â€ïž
