Bitcoin just broke a key support line right before tomorrow's Fed interest rate decision, and the short-term mood is cautious and slightly bearish.

• Bitcoin fell below a support trendline it had held since early July, a short-term bearish signal driven by a liquidity grab.
• The Fed decides on interest rates tomorrow, with markets pricing a 70% chance of no change and a 30% chance of a rate hike — higher rates would be bad for crypto and stocks.
• Riskier tech stocks (Nasdaq 100, AI names) are already pulling back on the uncertainty, dragging crypto down with them.
• Ethereum still looks healthier, holding a bullish setup toward roughly $2,070–$2,080; XRP is weakening and underperforming.
• Longer-term charts (weekly Bitcoin, Solana, Chainlink) still show bullish setups pointing to a possible bigger recovery later in the year.

Outlook: Expect choppy, weak price action until the Fed decision — a hold could spark a bounce toward $66K, while a rate hike would likely mean more downside.

## Bitcoin Levels

• **Bias:** Neutral to slightly bearish short-term; bullish longer-term
• **Support:** $62.7K (just hit), then $62.1K and ~$61K; broader support ~$60K
• **Resistance:** $64.1K–$64.2K (broken support flipped to resistance), then ~$65.5K; major resistance $66K–$67K
• **Targets:** Upside toward liquidity near $66K if the Fed holds rates
• **Invalidation:** A reclaim back above $64.1K–$64.2K would invalidate the short-term breakdown (bullish for bulls)