📈 Bitcoin Rally in Play — Time to Lock In Profits and Wait for FOMC?
After the expected upward move, I believe now is a good time to either close your positions or secure partial profits, whether you're in Bitcoin or altcoins. The market will offer new opportunities, so there’s no rush.
With the upcoming FOMC meeting on Wednesday, I suggest holding off on new entries until the news is out and volatility settles.
Currently, the resistance at $108,347 isn’t confirmed as valid yet — but if we see a rejection from that level, it could become a short-term barrier. On the downside, to maintain this recent bullish momentum, the support at $106,568 must hold.
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💬 How are you managing your trades ahead of the FOMC? Took profits already or still holding? Drop a comment below — always good to hear your plan!
After the expected upward move, I believe now is a good time to either close your positions or secure partial profits, whether you're in Bitcoin or altcoins. The market will offer new opportunities, so there’s no rush.
With the upcoming FOMC meeting on Wednesday, I suggest holding off on new entries until the news is out and volatility settles.
Currently, the resistance at $108,347 isn’t confirmed as valid yet — but if we see a rejection from that level, it could become a short-term barrier. On the downside, to maintain this recent bullish momentum, the support at $106,568 must hold.
---
💬 How are you managing your trades ahead of the FOMC? Took profits already or still holding? Drop a comment below — always good to hear your plan!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.