BTC daily neutral with a bearish bias. Recommended ratio: 45% BTC, 55% Cash. *BULL TRAP WATCH. All eyes are on the FOMC statement due to be released in approximately twenty minutes (2pm EST), market consensus is a 75bps rate hike but there is still a slim chance for a 100bps. July's Consumer Confidence Index released yesterday came in at 95.7 (from 98.4 in June) and showed a third consecutive month of decline; additional data on consumer confidence from University of Michigan's Consumer Sentiment Index is due to be reported on 07/29. The Atlanta Fed's latest GDPNow estimate (-1.2%) was reported this morning and is up from the previous estimate on 07/19 (-1.6%), this should allay some fears that economic productivity is worsening in time for the 1st Q2 GDP estimate due tomorrow (07/28) at 830am EST. That said, it will be interesting to see how the markets respond to today's FFR rate hike and tomorrow's GDP estimate as the economic slowdown is still beginning to show in housing sales, canceled home purchases, and corporate earnings/layoffs. Regarding crypto, SEC launched a formal investigation into Coinbase's "alleged security listings" which the SEC failed to provide clear guidance on for the crypto industry; "investment guru" Cathie Woods just offloaded $75m in COIN at a steep loss. Key dates remaining this week: FOMC statement at 2pm EST today, META earnings after-hours today, 1st Q2 GDP estimate at 830am EST tomorrow (07/28), AAPL and AMZN earnings after-hours tomorrow (07/28), PCE Index report at 830am EST (07/29) and University of Michigan Consumer Sentiment Index (07/29).* Price is currently testing the 50 MA at ~$21.8k as resistance after breaking below it two sessions ago. Volume is Moderate (low) and is currently on track to break a two day streak of seller dominance if it can close today's session in the green; it is also due to shrink for a third consecutive session which is indicative of a potential breakdown or breakout, this is after the last six day shrinkage streak saw a sell-off Volume surge bringing Price down below the 50 MA (and $21.6k mental stop loss). Parabolic SAR flips bullish at $24180 minor resistance, this margin is neutral at the moment. RSI bounced from 46 and is currently testing the descending trendline from January 2021 at 49 as resistance after breaking back down below it on 07/25. Stochastic remains bearish and is currently testing 30 support with no signs of trough formation. MACD remains bullish and continues to defy a bearish crossover for the second consecutive session as it trades sideways at 84, if it crosses below 25 it would be a bearish crossover; the next support is at -232 and the next resistance at 313. ADX continues to trend down with no signs of trough formation and is currently at 18 as Price continues to attempt to push higher, this is mildly bearish at the moment; if ADX bounces and Price pushes higher, this would be bullish. If Price is able to reclaim support at the 50 MA (~$21.8k) then the next likely target is a retest of $24180 minor resistance. However, if Price breaks down here, it will likely retest $19417 support for the fourth time in about a month before potentially heading lower to test the uptrend line from March 2017 at ~$15k. Mental Stop Loss: (two consecutive closes above) $22k.