When does the danger begin in Bitcoin?

We are only a few days away from the meeting where the FED will announce its interest rate decision.
The market's expectation from the FED is to increase interest rates by 25 basis points.
If the FED keeps the interest rate fixed, we can see an aggressive upward wave in the market.
Of course, the tone of Jerome Powell's speech will be much more important at this meeting.
Bitcoin is moving in a narrow band!
Bitcoin has been moving in the range of $29.5K-31.5K for about a month.
We have been talking for a while that we have a high probability of moving in this region until the meeting.
This scenario happened.
What support levels are important in Bitcoin?
First of all, if we take the band gap that it has been moving in for the last month, the $29.5K level acts as a critical support level.
Breaking this level will act as the first negative signal.
Apart from this, the 28K$-28.2K$ region also draws attention as an important region based on the diagonal rising trend.
The $28K-28.2K region also contains the 20-week moving average. It is a very important region.
Breaking this zone will act as the second negative signal.
The $25K level is also a vital support zone as Bitcoin has been moving in the $25K-31K range for months after breaking the $25K level in March.
Having been trading below the $25K level for around 39 weeks, $BTC has recently settled above this zone.
Knowing the importance of these three critical regions, the road can be continued.
The main danger in Bitcoin will begin with the break of the $25K level.
Although I do not have any expectations in this direction as of now, the main purpose of our article is to inform the investors.
If you have sold in the major resistance zone, it may be an option not to buy until the current major resistance zone is crossed.
Ether hasn't closed yet!
Ether $ETH has not been able to close for 2 weeks above the 1950 level yet.
If we hear a positive development on behalf of Ethereum, ETH can easily break this region.
For the altcoin market, ETH's breakout of this zone will act as a positive signal.
We will be reviewing the status of Ether and the current outlook of the altcoin market in detail very soon.
We will continue to follow developments closely.
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