Bitcoin’s Epic Standoff at $90,000: FOMC Ready to Smash the Glass Ceiling

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Ah, Bitcoin. The ever-so-persistent digital diva that refuses to make up its mind, lingering ever so gracefully at the oh-so-important $90,000 mark. One might almost say it’s treading water, but with much more drama than any mere mortal could imagine. As the market enters a phase of delightful compression, the price just cannot summon the strength to break free from the clutches of resistance. The ETF inflows? Slowing down like an overly dramatic soap opera. The whole market, darling, is holding its breath, awaiting the all-powerful FOMC meeting to finally end this ridiculous phase of indecision and push Bitcoin toward its next grand performance.

BTC Compression Reaches New Heights: Time to Put Those Scalps Away, Darling

In a most fascinating update from the ever-wise Lennaert Snyder, Bitcoin has been caught in a vice of compression. This market is narrowing, darling, as if it’s squeezing into a size-too-small corset before the grand ball. And while the moves are narrowing, we all know what that means: a dramatic burst is imminent. Snyder notes that previous scalp setups (yes, the ones that made us feel so clever) played out just fine, but let’s not kid ourselves-those were “C-setups.” They were like those lovely appetizers at a party: satisfying, yet ultimately lacking the thrill of the main course. True trading pleasure, my dear, is found at the range boundaries.

As for the current setup? The eyes remain fixed on the $94,000 resistance area. A breakout here could have us all popping champagne for long opportunities, while failure could lead us to darker, more bearish corridors. On the other hand, if Bitcoin has a mini tantrum and dips down to the $87,400 support, a reversal could signal a lovely entry for longs. But, dear reader, if Bitcoin continues its sulking, the $83,200 zone might just beckon-a liquidity sweep included, of course. How thrilling!

However, don’t let Snyder’s calm demeanor fool you-he’s not interested in diving into long positions unless Bitcoin proves it’s still got some fight left in it. If it doesn’t, expect a graceful retreat to the $83,200 zone, but not before a dramatic liquidity sweep. And, of course, Snyder remains in shorts as a hedge, which is rather like keeping a spare umbrella on a rainy day. Short scalps are still acceptable for those with the courage (and the risk appetite) to proceed. But, and here’s the kicker: the FOMC meeting looms large, ready to decide Bitcoin’s fate. Until then, the market shall remain deliciously muted, like an unfinished symphony.

FOMC: The Grand Finale or Just Another Plot Twist?

Analyst Ted has weighed in with his thoughts on the matter, and it seems that Bitcoin, once again, is caught in the act of consolidation at $90,000. It’s like watching a grand performance in a theatre, only for the curtain to remain drawn. Selling pressure? Not so much. Buyers? Also not exactly storming the stage. Ted attributes this stagnation to the lack of a certain ingredient: institutional investment. The ETF inflows, the lifeblood of the market, have slowed down dramatically, like a love affair gone cold.

But fear not, for the show is far from over. A critical event looms: the FOMC meeting, which is expected to be nothing short of a spectacle. Will it be the catalyst that sends Bitcoin soaring to new heights, or will it simply leave us hanging, wondering what could have been? Only time, and the FOMC, will tell.

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2025-12-10 04:34