Bitcoin Stuck Near $76K Ahead of FOMC Decision

Bitcoin (BTC) has been trading near $76,000 as investors await the Federal Reserve's September policy decision. The market is experiencing mixed technical signals, with weaker short-term momentum but strong longer-term support.

The Federal Open Market Committee (FOMC) meeting on September 16 will be a key event for Bitcoin, with the market expecting a 25-basis-point rate increase. A more restrictive policy message could maintain pressure on risk-sensitive assets like Bitcoin.

A TD Sequential buy signal has appeared on the 4-hour chart, suggesting potential exhaustion of selling pressure and a possible reversal. However, this indicator is not guaranteed to predict a trend change, especially with a major macroeconomic event approaching.

The current market situation is characterized by conflicting technical signals, with short-term momentum weakened but the broader technical structure holding up. The $74,000 level remains a critical support for Bitcoin ahead of the FOMC decision.