Market Update: Yesterday, the PPI data released ahead of the FOMC came in significantly higher than expected (a major bearish signal), combined with a hawkish FOMC statement, which naturally led Bitcoin to continue its smooth downward trend. It has now broken below the daily 26 EMA, with no clear support in sight. The probability of a rebound to higher levels is diminishing. The key now is to observe how this upward trendline reacts—whether a rebound occurs. I still hold my short position from last weekend and have not added to it. Many bearish analysts, who went from floating losses to floating profits, seem to have panicked and switched sides, now suggesting prices could head toward $80K. However, I remain consistent with my earlier view: I still don’t see a breakout above $79K; I’m simply waiting to see whether large capital decides to exit before the FOMC. My next step is to add to my short position. If we definitively lose this upward trendline, I believe a significant downward move is likely to follow. #Bitcoin #BTC #Cryptotrading