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Fed in Focus: Can Bitcoin Hold Key Support Above $64K?

Crypto markets are trading on the back foot ahead of the Federal Reserve's policy announcement, with investors reducing risk exposure and waiting for fresh signals from Fed Chair Kevin Warsh. Bitcoin has retreated toward the 65,000 USDT area after failing to extend its recent rally above 67,000 USDT, while Ethereum and XRP are also posting moderate losses.

The market largely expects the Fed to keep rates unchanged, but attention is firmly on Warsh's press conference for clues about the future policy path. Interest rate expectations remain one of the most important drivers for risk assets, influencing liquidity conditions and investor sentiment across global markets.

At the same time, easing tensions in the Middle East have helped cool energy prices. WTI crude has slipped back toward $75 after spiking above $85 earlier this week, reducing some inflation concerns and supporting a more stable macro backdrop.

BTCUSDT Technical Outlook

On the 4-hour chart, Bitcoin is consolidating near 65,300 USDT after encountering strong selling pressure around the 66,000–67,000 USDT region. The recent recovery from 58,300 USDT remains intact, but momentum has clearly slowed.

A break below the rising trendline that guided the latest advance suggests bullish strength is fading. Momentum indicators reinforce this view, with the MACD turning bearish and signaling weakening buying pressure.

The first support zone sits between 64,300 and 65,000 USDT. If sellers push below this area, Bitcoin could revisit 62,000 USDT, followed by deeper support near 60,700 and 59,100 USDT.

To regain momentum, bulls need to reclaim 66,000 USDT. A successful move above that level could pave the way for a retest of 68,000 USDT and potentially 72,000 USDT.

Key Levels

Resistance: 66,060 | 68,000 | 72,000 USDT

Support: 64,300 | 62,000 | 60,700 | 59,100 USDT

Conclusion

Bitcoin remains within a broader recovery structure, but short-term momentum is weakening as traders await the Fed's policy decision. The reaction around the 64,300–66,000 USDT range is likely to determine whether BTC resumes its upward trend or enters a deeper corrective phase in the sessions ahead.

$BTC ‌