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Bitcoin $BTC , from a macro perspective, both the weekly and 12-hour timeframes have touched the Vega Channel, momentum is fading, which supports a pullback adjustment before another push higher.
Based on this macro approach, there's an interest rate decision coming out tonight. Will it form a lower high and then decline?
Currently, the smaller timeframe is forming a converging triangle adjustment, similar to when we were at 7W before. Reference this: if it breaks above 75 and then drops sharply, you can take a trade. Conversely, if it holds steady, wait a bit longer.
#BTC