Bitcoin’s trading at $116,000… and it’s knocking on resistance again.

That’s the third time this range has been tested — a classic triple tap setup traders know well.

But there’s a wrinkle:
The FOMC decision hits tomorrow.
And liquidity grabs are already shaking out both sides of the book.

So the real question is:
Is this the breakout traders have been waiting for — or just pre-Fed noise?

→ BTC hit $117K resistance for the third time in two weeks, forming a clean triple tap pattern on the daily.
→ Stop hunts have triggered on both sides — classic chop ahead of macro events.
→ Spot Bitcoin ETFs saw $260M net inflows Monday, while Ethereum ETFs pulled in $359.7M.
→ Notable altcoins like Filecoin, Monero, and Immutable X saw double-digit gains.
→ Traders are watching for breakout confirmation — or failure — post-FOMC.

But there’s more to this than just technicals.
Some traders are comparing this moment to gold’s historical breakout after its ETF launched.

This chart pattern isn’t just about taps on a level — it’s about context.

When a triple tap forms right before a high-volatility event (like a Fed meeting), it becomes a pressure cooker. Smart traders don’t assume a breakout — they plan for both outcomes.

→ If demand holds: BTC could explode past $117K
→ If the macro spooks risk: expect a flush toward $113K
→ Either way: this pattern needs a trigger

And that trigger is likely the Fed decision.

→ Pattern recognition: Triple taps can signal breakout strength — or failed rallies if momentum fades
→ Volume behavior: Is the move real, or just stop-driven noise?
→ ETF flows: Spot inflows give institutional context — a key difference from 2021
→ Correlation: BTC has closely tracked the gold ETF fractal — a bullish comparison, but not guaranteed
→ Event risk: The Fed hasn’t spoken yet — and risk assets are in wait-and-see mode

This isn’t just about a chart.
It’s about knowing when not to trade the setup — yet.

Triple Tap Level: $117,000
Support: $113,000
Catalyst: FOMC decision + ETF inflows
Short-Term Bias: Neutral until breakout or breakdown
Notable Flow: $260M into BTC ETFs (Mon), $359.7M into ETH ETFs

Here’s how seasoned traders are playing this:

→ Don’t front-run the breakout — wait for a confirmed close above $117K
→ If BTC stalls again, expect liquidity to sweep both sides
→ Volume + volatility contraction into FOMC is normal — the move comes after
→ Mark the $113K–$117K range as your key decision zone

This is the kind of setup where patience is the edge.

Bottom Line:
The triple tap looks clean.
ETF flows are strong.
Sentiment is cautiously bullish.

But until the Fed speaks, it’s just noise.

_{Disclaimer
This letter is not offering investment, trading, or investment advice nor is based on any individual portfolio or business operation. We are not a registered investment, stock nor commodity advisor. One should consult with their own registered advisor to discuss investment strategies that are appropriate for their business or personal goals, risk tolerance and financial situation. Information in this report and on any website is derived from a variety of source believed to be reliable however no representation is made that the information is accurate, complete or correct. These lessons, newsletter and site content is not intended nor shall not constitute or be construed as an offer or recommendation to “buy”, “sell”, “trade” or invest in any securities, commodities, futures, options or other asset referred to in said lessons, reports or newsletters. Rather, this research is intended to identify situations and circumstances that those in the trading community should be aware of to better help assess and improve their own risk management skills.}