BTC Timframe Analysis into the FOMC Minutes 19082026Bitcoin / US DollarCOINBASE:BTCUSDMKT_TRADEBTC has found its bid on the back of news out of the US treasury this morning. The FOMC minutes remain in play this afternoon as a binary what if event. Key Terms to know: PWH = PREVIOUS WEEK HIGH PQM = PREVIOUS QUARTER MID PMC = PREVIOUS MONTH CLOSE PYL = PREVIOUS YEAR LOW Based on the TimeFrame structure BTCUSD is ripe for a test of PQM $70,400 and remains in a bullish stance over the PWH $69,901. 3 Scenarios: BULL = BTC remains firm to the bid and bases over the PQM $70,400. This sets up a test of PYL $74,410.15 and a upside extreme of PQH $82,737. NEUTRAL = BTC remains firm to the bid and bases over the PWH $69,901, but remains bound by the PQM $70,400 expanding its range but lacking a macro trend change. BEAR = BTC breaks the PWH $69,901 and transitions to the offer teeing up a test of the PMC $62,868.11 and a what if down to PQL - PML $57,993.93 - 57,748.22.