Bitcoin on the brink ahead of the Fed Meeting for COINBASE:BTCUSD by CryproWoman
Bitcoin on the brink ahead of the Fed Meeting: technicals flash Sell as the market freezes Bitcoin is trading at $64,550, down 0. 45% over the past 24 hours. After losing the $65,000 level, BTC has now slipped below the critical $64,700 support zone, increasing the risk of cascading long liquidations. Total crypto-market liquidations have exceeded $630 million over the past day, with long positions accounting for $530 million. Ether remains under pressure at $1,924, down 2. 3%, after briefly …
Bitcoin on the brink ahead of the Fed Meeting: technicals flash Sell as the market freezesBitcoin is trading at $64,550, down 0. 45% over the past 24 hours. After losing the $65,000 level, BTC has now slipped below the critical $64,700 support zone, increasing the risk of cascading long liquidations. Total crypto-market liquidations have exceeded $630 million over the past day, with long positions accounting for $530 million. Ether remains under pressure at $1,924, down 2. 3%, after briefly touching $1,900 yesterday. 🔴 Technical picture — SellOverall rating: Sell1 week: Sell1 month: NeutralOscillators and moving averages remain neutral, but the broader trend has already shifted in favor of sellers. The key resistance zone is $65,800–$66,200, where short-liquidation liquidity is concentrated. If the bulls fail to hold $64,700, the next stop could be significantly lower. 😨 Market sentiment — fear returnsThe Crypto Fear & Greed Index has plunged to 34, returning to the extreme levels last seen a week ago. The market has effectively frozen. ⏰ Today’s main event — the FedThe Federal Reserve meeting takes place today. Its outcome could determine the market’s direction for the coming weeks. A weaker dollar has historically supported Bitcoin, but trader positioning in the dollar is currently overcrowded. That means any surprise from Powell could trigger a sharp move and a spike in volatility. 📊 ETFs and regulation▫️ Yesterday’s figures show that BTC ETFs attracted $19 million, while ETH ETFs brought in $17. 4 million. Inflows remain positive but minimal. Institutional investors are staying on the sidelines—and understandably so. ▫️ Bitcoin spot-trading volumes across major exchanges have fallen 75% from their late-2024 peak. ▫️ The CLARITY Act is at risk of failing, as the Senate continues to negotiate ethics provisions. The probability of the bill passing this year has fallen to 38%. 📌 Key levelsSupport: $64,700 (critical)Resistance: $65,800–$66,200Catalyst: Fed decision 18:00Disclaimer: This is not investment advice. Every asset—especially crypto—requires independent research and proper risk management. Volatility could explode in either direction ahead of the Fed meeting. Trade carefully. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.