BTC - Update Post FOMCBitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTThis is an update to my last idea: As expected, the Fed decided to leave rates unchanged once again, holding the federal funds rate at 3.50% to 3.75% for the fifth consecutive meeting. Therefore, the price action that has developed since the FOMC decision has largely been in line with my expectations. A base of support formed, followed by the upside move price has seen today. Now that this rally has occurred, price is once again at a very interesting spot within the LTF trend. BTC has currently broken above the lower black trendline but was still rejected at the second upper trendline I had outlined in the last idea. Since this is only the 2H chart, technically price has not yet broken above on the 4H or higher timeframe. Because of this, it will be very important to watch the higher timeframes for a break above the lower black trendline, followed by confirmation on the daily above the $66,300 level. If price is to see a lower timeframe breakout then the ideal scenario would be for price to hold the current level (upper solid black trendline) as a new level of support that most of the 2H candle bodies hold above. However, the 4H+ will be the deciding timeframes in regards to this particular structure. Once price starts breaking above on the 4H, I will make one more follow up post outlining that critical market structure around $66,300 and where that top could ultimately form within the upper range of $70,000 to $74,000.