Bitcoin slides toward $75.5K after Senate rejects CLARITY Act, Aroon signals sellers

Bitcoin (BTC) slipped to around $75,940 after the U.S. Senate procedural vote left the CLARITY Act 11 votes short of the 60 needed for passage. The move kept the price below the recent $75,350‑$75,500 support zone and renewed pressure ahead of the Federal Reserve’s rate decision.

Technical picture on the 4‑hour chart

The 4‑hour Bollinger Band midpoint at $77,080 now acts as the first barrier for any short‑term recovery. BTC briefly breached the lower band near $75,244 before re‑entering the indicator, a pattern that can signal heavy selling but does not confirm a completed correction.

Relative Strength Index (RSI) fell to 37.23, below its signal average of 45.70 and still above the oversold threshold of 30, leaving room for further weakness if buyers do not defend the $75,000 level.

Daily outlook and key support levels

On the daily chart, the next major Fibonacci support is near $72,547, representing a 4.5% decline from the current price. The Aroon indicator shows a Down reading of 92.86% versus an Up reading of 7.14%, indicating that recent lows are occurring far more frequently than highs. The Awesome Oscillator is also negative, reinforcing bearish momentum.

Liquidity clusters and potential price targets

CoinGlass heatmaps highlight concentrated leveraged positions both above and below the current price. The strongest downside pool sits around $74,700‑$74,900, with additional liquidity near $74,000, making the $74,000‑$75,000 band a plausible target if Bitcoin breaks below $75,000.

On the upside, liquidity clusters appear near $77,700‑$78,000 and $78,300‑$78,700. A move above the 4‑hour Bollinger midpoint could trigger short‑covering and push BTC toward these zones, while a break above $78,918 would return price to the upper part of the recent 4‑hour range.

Event risk from the Federal Reserve

The upcoming Federal Open Market Committee meeting adds uncertainty. Rate decisions and accompanying guidance can influence Treasury yields, the dollar and risk‑on assets such as Bitcoin. Traders are watching for consolidation around $75,000 before the Fed announcement, with the possibility of a second sweep of recent lows.

Potential scenarios

• Bullish case: Hold above $75,000, retake $77,080, and break $78,918 to re‑enter the upper 4‑hour range; a move above $83,000 could reopen a path toward $100,000.
• Bearish case: Fall below $75,000, test the $74,800 liquidation zone, and potentially slide toward the daily Fibonacci support at $72,547.