- Bitcoin reversed after a fake FOMC pump, confirming bearish momentum.
- Short positions at $87K–$88K played out, targeting $84K, $80K, $76K, and $74K.
- Selling pressure remains strong, with bears controlling the market direction.
Bitcoin — BTC, shot up toward $88K before reality struck. The FOMC pump turned into a trap, catching many off guard. Traders who placed short orders between $87K and $88K filled their positions perfectly. A sharp drop followed, confirming expectations. The market now moves lower, with key targets set at $84K, $80K, $76K, and $74K. Selling pressure increases as traders lock in profits. Bears remain in control, pushing Bitcoin toward lower support levels.
FOMC Pump Leads to Sharp Reversal
Volatility spiked after the FOMC announcement, creating a false sense of strength. Many traders rushed in, expecting further upside. Instead, Bitcoin hit resistance and reversed hard. Short sellers took advantage, executing their plans flawlessly. Bitcoin struggled to hold gains as sellers stepped in aggressively. The price drop confirmed weakness, signaling more downside ahead. Short positions at $88K remain open, reinforcing the bearish outlook. Key support at $84K and $80K now stands in focus. If those levels break, further declines become likely.
Bitcoin Faces Critical Levels
Bitcoin short trades continue printing as momentum favors bears. Traders now eye $76K and $74K as next targets. Buyers may attempt to defend those areas, but selling pressure remains strong. Every bounce meets resistance, showing weakness in demand. Liquidity thins out at lower levels, increasing the risk of a deeper drop.
Traders who stayed patient now see their plans unfolding. Those who chased the pump face losses as reality sets in. Bitcoin’s rally turned into a trap, but the market follows a predictable path. Shorts remain in play, aiming for lower prices. The coming days will reveal whether buyers step in or if further selling dominates.
