VasilyTrader

BITCOIN (BTCUSD): Trading Plan Ahead of FOMC ₿

Short
COINBASE:BTCUSD   Bitcoin

As you probably know, we are expecting FED Interest Rate Decision and FOMC today.
These news may dramatically affect all Dollar-related instruments.

Bitcoin is currently approaching a support line of a rising wedge pattern on a daily.
After showing the signs of weaknesses with a formation for a double top,
the market already dropped.

Bearish breakout of the support of the wedge will extend the correction on BTC.
A bearish movement will be anticipated at least to 39000 then.

Alternatively, very positive news will push the market to retest the current highs.

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