Central oscillation may break through, beware of incoming risks! The Federal Reserve decision is imminent, with technical breakdowns, and Bitcoin's rebound is an opportunity to short!

This Thursday, a major Federal Reserve interest rate decision is coming, which is most likely the last meeting under Powell’s tenure. Expectations for a shift in monetary policy are heating up, combined with no substantial progress in the US-Iran talks this morning. Multiple bearish pressures have caused BTC to weaken significantly!

Previously, repeated warnings not to chase highs; this rebound is not a reversal. The market has retraced 3,000 points from the high, with continuous explosive selling pressure from bears. On-chain data is also grim, with 280 million USD in long liquidations over the past 24 hours. High leverage longs have been wiped out, and the risk of long positions is at its maximum!

BTC technical outlook is fully bearish.
Four-hour timeframe: The decline directly broke support, with the candlestick forming a classic bearish reversal pattern. Bulls are powerless, and the short-term trend has completely shifted to a downtrend;
Daily timeframe: A bearish engulfing candlestick has formed, with bearish momentum continuing to grow. The MACD indicator is about to form a death cross, and the bullish trend on the daily chart is in serious danger;
Key levels: Focus on the support zone at 7,650-7,600. If broken effectively, the daily bullish trend will be completely shattered, and the market is highly likely to test the 7,000 level. The minor rebound resistance is at 778, and the hourly chart has yet to stabilize, indicating the rebound lacks strength.

Trading strategy
Overall approach: Focus on shorting during rebounds, avoid bottom fishing, do not go long, and avoid fighting the trend! Later, focus on right-side trading setups!
1. When the price rebounds to around 7,750 and faces resistance, directly open short positions;
2. If it breaks below the 7,650-7,600 support zone, add to short positions accordingly, targeting the 7,000 level;
3. Strictly manage risk, and do not participate in long positions until stabilization is confirmed.