BTC has been quite frustrating these past couple of days. Last night, it surged to 94,000 and then retested 92,000, holding the line. Today, it rebounded near 93,200 but then fell back to 92,000 without breaking through — currently stuck in this range between 94,000 and 92,000.

But have you noticed? The intraday highs are gradually decreasing. If the rebound can't even steady above 93,000, then the defense line at 92,000 will eventually be breached, and it will come down to whether 90,000 can hold.

The Federal Reserve's interest rate decision is coming at 3 a.m. The market is pricing in a 90% probability of rate cuts, which seems almost certain. However, the real key will be what Powell says at 3:30 — if his speech sounds hawkish, the market could be pushed downward again.

Everyone should keep an eye on the rate cut expectations for 2026. If there are 1-2 more cuts, the next trend might get some breathing room. Tonight is destined to be another sleepless night. Are you ready?