"Following the sharp drop in $BTC, I positioned myself for potential short-term gains while maintaining a cautious outlook. The breakdown of $60,000 support led to a swift decline to $56,000, with $56,600 serving as temporary support. Today's Fed rate decision will significantly impact the market's trajectory. A higher-than-expected rate hike could trigger a steeper decline, potentially reaching $53,000 if $56,600 is breached. However, historical patterns suggest a rebound when prices fall below the Bollinger Bands, as seen on the daily chart. While new highs are unlikely, a short-term rise is possible. I'm closing my short positions and adding to my long positions, focusing on short-term gains. I anticipate a sideways price movement in May and Q2, with $56,000-$60,000 fluctuations potentially frustrating traders. It's crucial to maintain positions within your strategy and adapt to changing market conditions. I opened a $ETH long position at $2,860 and aim to close at $3,000, prepared to accept potential losses if negative news arises. Remember, predictions are uncertain, and positions should be based on individual risk tolerance and financial situations. Always develop your own plan!"
