The next evening, the cryptocurrency market is awaiting key decisions: how the Federal Reserve and technological reports will impact the evening fluctuations of BTC

The next evening, the American financial world will be shaken by two major events. On one hand, large technology companies closely linked to the cryptocurrency world will gradually reveal their financial results, and on the other hand, the Federal Reserve meeting will clarify monetary policy. This creates a complex scenario for Bitcoin, which has already fallen significantly over the past two weeks and is trading around $70,99K with a positive momentum of +2.44% over the last 24 hours.

The American Market Dilemma: Positive News Is Already Priced In, and Rate Cuts Are Unlikely

The US stock market has been showing continuous growth in recent days, but this rally has raised concerns among analysts. The market has already priced in most positive news, so even if tech reports impress with their figures, a strong rally may not occur. Conversely, weak results could trigger a large-scale profit-taking. Additionally, it is important to understand that the Federal Reserve will not cut rates – this fact is already known and priced in, but it leaves little room for positive surprises. The scope for growth is limited, while negative factors could significantly shift price dynamics.

BTC Follows the US Market: Where to Find Opportunities Among Short Positions

Bitcoin’s trend mainly synchronizes with the US market, so from the perspective of tech reports, the situation in the first half of the evening does not look overly optimistic. However, it is worth considering that the cryptocurrency sector has already experienced a significant decline in recent weeks. Pursuing short positions in this context is not a wise decision. The crypto community has already fallen quite deeply, and many traders with open short positions will prepare to realize profits during the Federal Reserve meeting in the evening. If a sudden sharp drop occurs, this can be seen as an opportunity to lock in profits from short positions on favorable terms.

Specific Trading Strategy: Betting on Fluctuations Around 87000 and 89000

Our strategy was developed a month ago and involves locking in part of the profit from short positions at around $87,000, with the rest to be secured directly during the Federal Reserve meeting in the evening. For short-term trades, we continue to play on fluctuations: yesterday, it was suggested for everyone to open short positions near $89,000, which resulted in two successful entries with profitable exits. The strategy involves balancing: long-term positions require a systematic approach, while short-term fluctuations at these price levels offer additional opportunities for profit. The main thing is to clearly understand that the evening will bring most of the analytical clarity, so the best time to position is precisely now.