Hello all, I have tried to analyze the situation with BTC .

From the chart:
1. Since January we are in the channel indicated by the green lines. This could be a bear flag .
2. Since April we are in the channel indicated by the red lines. This is a falling bullish wedge pattern.
3. So within a bearish channel we have formed a bullish flag and currently we are at the bottom of the channel.

From my research:
1. Today there has been a massive inflow of bitcoins within the exchanges. This is equal to around 40k of BTC . This has not happened in months. This is a very high selling pressure if whoever holds them intends to sell them.
2. We saw a big liquidation of short positions today with the sudden rise in the price of BTC .
3. Currently long positions are more than shorts which means that there is a very high incentive to lower the price in order to liquidate the long positions.
4. At 18:30 british time, the FED will make the so long-awaited announcement of the interest rate hike in the USA.
5. Points number 1, 3, and 4 create an amazing window of opportunity for the bears for the perfect storm. If something unexpected is announced by FED then we may go down.

The risk is in your hands to manage. Have a good evening you all and do not risk the money you need to support your families.

Please correct me if at any point I am wrong with my analysis.