Good morning ☀️

#Bitcoinhas been moving sideways around 100k for about 2 weeks. I think the sideways movement will end after the FED meeting today.

The expectation is for the interest rate to remain stable. Therefore, as always, the statements from Powell at the press conference will guide the market.

Coinbase started spot sales last week. There is still no recovery on the spot side.

On the other hand, contrary to spot CVD, whale activity on the futures side is still in the positive zone.

Whale activity has continued to maintain its positivity since the $89k liquidations were cleared.

Due to the sideways movement of the price in recent weeks, a lot of liquidation has accumulated.

Currently;

🔹 Long liquidations are intense in the $98-95k range.

🔸 Short liquidations are intense in the $107-110k range.

If the statements from Powell are negative, we may see a trend towards long liquidations (98-95k), if positive, towards short liquidations (107-110k).

We can say that the market will be shaped entirely according to the statements from the FED chairman today, my friends.

I wish everyone a nice day and lots of profit.