As we head into todays FOMC meeting the range is tightening. $28k is holding as support for now, with multiple 1 hour candle bounces right from the Weekly Open level. Resistance above $28.2k from the downtrend resistance.

Big volatility expected later with the FOMC rate decision at 6pm UTC. It is pretty much priced in that this will be 25bps, which makes Jerome Powell's (Fed Chair) at 6:30pm statement probably more important than the decision.

After the issues with the banks, we will get a clearer picture if they still intend to carry on as planned with more rises (bearish) or if they are potentially going to pause with rises from here (bullish)