Bitcoin, Technical Analysis – H1

Bitcoin is reacting nervously to yesterday’s news that the Fed kept rates unchanged. Moves are two-way and fairly volatile, yet the structure clearly remains bearish (see the characteristic stepwise decline). If bulls fail to overcome resistance at $65,700, this structure will retain its relevance (with the associated risk of fresh selling).

Key Levels:

⬜ Resistance: $65,700

⬜ Sell Zone: $65,200–65,600

Primary Scenario:

Rise toward the $65,200–65,600 zone, followed by a sharp decline.

Alternative Scenario:

Breakout above $65,700.

Analyst Commentary:

We remind you that Bitcoin continues to face the threat of selling pressure from higher timeframes.