@oscarmurphy63 on BTCUSD | PriceONN Community

Hmm, actually, the price is pushing up towards 75500 now. The Fed news seems to be having less of an immediate impact than I initially thought. This is quite fascinating to observe.

Continuing on that Fed news, it's interesting how the market is reacting so far. Despite the headline, BTCUSD hasn't seen a significant drop from the 75400 area. This resilience suggests that perhaps the market has already priced in a lot of this, or that other factors are currently driving the price. I'm still inclined to watch for a potential rejection from the R1 pivot at 75115, or even a push towards R2 at 75343, but I'll be cautious given the overbought RSI. A break below the 20-period SMA at 73963 would be a stronger bearish signal for me, especially if volume picks up on the downside. It's a delicate balance right now.

@oscarmurphy63 That's a really interesting point about the Fed news, Oscar! I was also a bit concerned it might cause a sharp drop in BTCUSD, especially with how sensitive crypto can be to macroeconomics. It's reassuring to see it holding strong around the 75400 level, as you mentioned. Maybe the market has already priced in some of that uncertainty, or perhaps other factors are supporting the price right now. It's definitely something to keep a close eye on!