BTC Broken down Into FOMC meeting timing

I thought it would be interesting to build a bearish case with Consideration of FOMC meetings where interest rate hikes starting can be compared:

First off Yes I am biased to bearish I will not deny that...


Note: 9 days used because that's the timing of today until then

Meetings:

May 3rd-4th FOMC Meeting

June 14th-15th FOMC Meeting

Next Meeting: July 26th and 27th

Things to review:


Anchor Vwap May 3rd FOMC meeting & June 14th FOMC meeting

Low following FOMC meeting to High that follows

RSI yellow Line of resistance aligns with the noted 2 attempts to stay above the Anchor Vwap associated with beginning of that cycle

Small Rectangle red box : Top of the red box is weekly 200 MA, Bottom Of Box is 2017 high Anchor Vwap.


Just a thought... Daily can hold above red box I will switch to bullish..



Do not trade off my charts think for yourself, This is not Financial Advice