Bitcoin is stuck and slightly weak in the short term as traders wait nervously for the Fed's interest rate decision — neutral to mildly bearish for now.

• The Fed decides on rates at 6 p.m. on July 29; the market is split, pricing 66% for no change and 34% for a small rate hike.
• A surprise rate hike would likely trigger a quick sell-off; no change could bring a small relief bounce.
• Stocks (S&P 500 and Nasdaq) are weakening ahead of the decision, dragging Bitcoin and crypto down with them.
• Longer-term charts still show a bullish setup for Bitcoin and Ethereum, so this looks like short-term chop, not a crash.
• Ethereum is holding a bullish pattern but flashing early weakness; XRP and Solana look weaker and may drift lower.

Outlook: Expect sharp swings in both directions right after the Fed decision, with direction depending on the rate call and how stocks react.

## Bitcoin Levels

• **Bias:** Neutral short-term (weak), still bullish longer-term
• **Support:** $62.6K–62.7K, then $62.2K, then $61K–62K; major support around $60K
• **Resistance:** $64.3K–64.4K, above $65K, and major resistance near $67K
• **Targets:** Bearish target ~$62.4K (liquidity just under $62K) on a rate hike; upside liquidity target ~$67K
• **Invalidation:** Bounces on both sides of the parallel-channel line (~$64.4K) would signal that support level has lost relevance