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The broader market is just whipsawing back and forth now😂$BTC —it can't get above 8w or break below 7.6W.
Both longs and shorts are waiting for an outcome. The Federal Reserve meeting is one factor, while the CLARITY Act is also at a critical juncture.
The Senate will hold a key procedural vote on the CLARITY Act tonight. Democrats are still discussing a counterproposal at the last moment, and whether the bill can secure the 60 votes needed to move forward remains the biggest uncertainty.
The most likely scenario now is wicks in both directions, taking out both sides.
Are you long or short? I'm still short!