Bitcoin on the brink ahead of the Fed MeetingBitcoin / US DollarCOINBASE:BTCUSDCryproWomanBitcoin on the brink ahead of the Fed Meeting: technicals flash Sell as the market freezes Bitcoin is trading at $64,550, down 0.45% over the past 24 hours. After losing the $65,000 level, BTC has now slipped below the critical $64,700 support zone, increasing the risk of cascading long liquidations. Total crypto-market liquidations have exceeded $630 million over the past day, with long positions accounting for $530 million. Ether remains under pressure at $1,924, down 2.3%, after briefly touching $1,900 yesterday. 🔴 Technical picture — Sell Overall rating: Sell 1 week: Sell 1 month: Neutral Oscillators and moving averages remain neutral, but the broader trend has already shifted in favor of sellers. The key resistance zone is $65,800–$66,200, where short-liquidation liquidity is concentrated. If the bulls fail to hold $64,700, the next stop could be significantly lower. 😨 Market sentiment — fear returns The Crypto Fear & Greed Index has plunged to 34, returning to the extreme levels last seen a week ago. The market has effectively frozen. ⏰ Today’s main event — the Fed The Federal Reserve meeting takes place today. Its outcome could determine the market’s direction for the coming weeks. A weaker dollar has historically supported Bitcoin, but trader positioning in the dollar is currently overcrowded. That means any surprise from Powell could trigger a sharp move and a spike in volatility. 📊 ETFs and regulation ▫️ Yesterday’s figures show that BTC ETFs attracted $19 million, while ETH ETFs brought in $17.4 million. Inflows remain positive but minimal. Institutional investors are staying on the sidelines—and understandably so. ▫️ Bitcoin spot-trading volumes across major exchanges have fallen 75% from their late-2024 peak. ▫️ The CLARITY Act is at risk of failing, as the Senate continues to negotiate ethics provisions. The probability of the bill passing this year has fallen to 38%. 📌 Key levels Support: $64,700 (critical) Resistance: $65,800–$66,200 Catalyst: Fed decision 18:00 Disclaimer: This is not investment advice. Every asset—especially crypto—requires independent research and proper risk management. Volatility could explode in either direction ahead of the Fed meeting. Trade carefully.