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Bitcoin Holds at $90,000 as Market Awaits FOMC Meeting Outcome
The cryptocurrency market is currently experiencing high compression, with Bitcoin trading around $90,000. The price movement is constrained by slowing ETF inflows and approaching resistance levels.
Key Observations
- Bitcoin's price is consolidating within a narrow range, indicating potential for a significant move.
- Current resistance is identified around $94,000, with possible long opportunities if a breakout occurs.
- If the price drops to $87,400, it could present long entry points upon reversal signs.
- A deeper retest might target $83,200, anticipating a liquidity sweep.

FOMC Meeting Impact
- The upcoming FOMC meeting is expected to influence Bitcoin's next major directional move.
- Market consolidation suggests an equilibrium between buyers and sellers, with reduced institutional investment noted as a factor.
