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🏆 [Weekly] Bitcoin Update: Holding Steady Before FOMC
Bitcoin is trading around $64,343, taking a breather after pulling back from $67,000. Markets are staying cautious ahead of the Fed meeting, balancing strong ETF inflows against policy uncertainty.
🔷 Technical Snapshots
🟢 4-Hour View
Trapped between $63,503 support and $65,669 resistance, just below the midpoint at $64,586. RSI at 43.73 — momentum cooled, but not oversold.
🟢 Daily View
Firmly holding above the middle Bollinger Band at $64,254, resistance now acts as support. Next target up: $67,246. Strong floor below: $62,146. Daily RSI 50.73 — balanced and stable.
💼 What’s Moving It
✅ Fed Watch: Rates likely on hold, but hawkish comments could spark swings.
✅ Big Money Flows: US spot ETFs keep seeing net inflows, backing $63,500–$64,000 as solid support.
✅ My Take
Outlook stays cautiously bullish above $64,254. Break past $65,669 → eye $67,200. Drop below $63,500 → watch for a test of $62,146.
Not financial advice. Do your own DD.☺️
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