Bitcoin is stuck below a key line ahead of the Fed's rate decision, with a short-term lean toward lower prices — neutral-to-bearish for traders until the Fed moves the market.

• Bitcoin broke below a key trend line around $64,500 and keeps getting rejected there, so the near-term bias is down.
• No big bets are being made before the FOMC decision — it's a coin flip, so the plan is to wait and take the obvious trade after the Fed speaks.
• If Bitcoin can reclaim that line and fake out the sellers, a run to $70,000 is still on the table, likely early-to-mid August.
• If it stays rejected, expect a drop back toward $60,000–$61,500, which is seen as a buying opportunity, not a crash.
• A wall of big events follows — Amazon and Apple earnings, GDP, and inflation data — that could swing the market fast.

Outlook: The Fed decision decides it — reclaim the line for a push to $70K, or slip back toward $60K for another buy-the-dip setup.

## Bitcoin Levels

• **Bias:** Short-term bearish/neutral below the midband, waiting on FOMC
• **Buy / accumulate:** $60,200–$61,500 zone (retest of ~$60,000 opening low seen as an opportunity)
• **Support:** $62,100 (close above keeps momentum flipping up), ~$60,000
• **Resistance:** $64,481 midband trigger (CME), this week's high ~$65,700, $70,000
• **Targets:** Upside $70,000, then $70,000–$72,500 (early/mid August); downside $60,000–$61,500
• **Invalidation:** Reclaiming the ~$64,000 midband on CME close within the next 24–48 hours flips the thesis bullish; staying below keeps the downside targets in play