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$BTC Weekly Analysis
Bitcoin got rejected from the 50W MA and closed the week -4.38%.
Let’s break down the key levels, probabilities and events to watch this week:
1. Despite high inflation data, and an 87% probability of a rate hike, Bitcoin is still holding the major $75,500 support.
Two major events could move the market this week:
🇺🇸 Sep 15: CLARITY Act vote
🇺🇸 Sep 16: FOMC decision
2. A 25 bps hike is already expected.
If the Fed does what markets expect, the reaction could be small.
But if Warsh surprises with a pause, Bitcoin could move sharply higher.
3. The key level is $75,500.
If BTC holds $75,500 into the weekly close, it means the uptrend stays alive.
Lose $75,500 and the Weekly MA 200 near $65,000-$67,000 becomes the next real test.
#GateSquareMidAutumnReunion #ShareWeekly #FOMCMeetingAnalysis