Big Trades Coming

Back at it 👋

Bitcoin climbed out of the falling channel over the weekend and ran straight into the 116.3K resistance we’ve been tracking. Congratulations on a textbook long trade, just like from the lessons.👏

Now price is testing that same spot again, with buyers and sellers battling it out.

The short-term picture:

• 📈 If BTC can break above 116.7K (local top zone), momentum could carry it toward 117K and higher.

• 📉 If it fails again, that risks a double-top, with pullbacks toward 115.8K, then 115K, and 114.5K.

💡 Just copy these levels to your chart. Likely, they will provide structure for the rest of this week.

Big Picture (this week ahead) 🌍

Expectations that the Fed will cut rates on September 17 is the main driver this week. A small 0.25% cut is expected, but the real focus will be on how they guide the rest of the year.

Technicals look solid:

• Price is holding above key moving averages, showing buyers still in control.

• 117K remains the wall that sellers are defending.

• Indicators suggest demand is strong, but not overheated.

In plain English: the market’s calm for now, but the Fed’s meeting is the spark everyone is waiting for.❗️

If the Fed cuts and hints at more easing, BTC could get fuel for another leg higher.📈

If they sound cautious on inflation, resistance near 117K may hold.📉

Disclaimer: This is not financial advice. All information is for simulation and educational purposes only.