BTCUSD | Daily Technical Outlook After the Fed Decision
Market Structure
BTCUSD saw significant volatility following yesterday’s Federal Reserve rate-cut announcement, which initially triggered a sharp upside spike as risk assets reacted positively. However, unlike indices and EURUSD, Bitcoin failed to maintain its upward momentum, and strong selling pressure quickly reversed the move.
Across the M15, H1, H4, and Daily charts, Bitcoin has returned to a bearish-to-neutral structure, with price stabilizing around the $90,200-$90,300 zone after an extended decline overnight. The corrective recovery attempts remain limited, and buyers have not yet shown convincing strength.
Key Resistance Zones
Bitcoin currently faces multiple overhead resistance levels formed after last night’s failed rally:
- $91,200 – $91,500 immediate intraday resistance
- $92,800 key short-term resistance
- $94,000 – $94,300 major barrier and the origin of yesterday’s rejection
A break above $91,500 would be the first signal that buyers are attempting to regain control.
A break above $92,800 would confirm a stronger bullish reversal attempt.
Failure to reclaim these levels keeps BTC exposed to further downside.
Key Support Zones
Price is stabilizing near a short-term floor:
- $89,800 – $90,000 immediate support
- $88,300 secondary support
- $86,800 – $87,200 major bearish continuation zone
A sustained break below $89,800 would signal renewed bearish momentum toward deeper levels.
Expectations
Bullish Scenario (Alternative)
Bitcoin must hold above $90,000 and break $91,500 to target:
- $92,800
- $94,000 – $94,300
However, based on current chart structure, this scenario remains weaker unless buyers enter strongly.
Bearish Scenario (Primary)
If BTC continues trading below $91,000, downside remains the dominant outlook.
A break beneath $89,800 could drive price toward:
- $88,300
- $87,000
- Additional downside if momentum strengthens
Outlook
Bitcoin is showing post-Fed weakness, unlike stocks or EURUSD, which reacted more positively. The inability to hold its initial surge indicates fading risk appetite in crypto markets.
Price remains under pressure below key resistance, and unless BTC reclaims the $91,500-$92,800 zone, today’s sessions may continue to favor sideways-to-bearish action.
