Hawkish Fed Policy: May reduce Bitcoin ETF demand.
Global Liquidity Decline: USD liquidity drop pressures BTC.
Technical Warnings: Overbought signals and bearish patterns suggest a correction.
2. Key Support & Rebound Levels:
Support: 90,000–92,000 is a strong buying zone. Breaking below 90,000 could lead to sharp declines.
Rebound Target: BTC may bounce back to 98,000 before facing further resistance.
3. Market Drivers to Watch:
CPI Data Next Week: Could trigger a short-term BTC rally.
Fed Decisions: FOMC meeting may apply pressure.
US Economic Data: Strong labor market increases rate hike fears.
---
Ethereum Outlook
Likely to follow BTC’s trend.
Key Levels:
Support: 1,800–2,000 USD
Resistance: 2,100–2,200 USD
---
Conclusion
BTC is poised for a rebound from 90,000, but cautious trading is crucial with looming economic data and Fed policy decisions. Short-term opportunities lie in capitalizing on these support and resistance levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin & Ethereum Market Update
Key Insights:
1. Cautious Factors for Bitcoin:
Hawkish Fed Policy: May reduce Bitcoin ETF demand.
Global Liquidity Decline: USD liquidity drop pressures BTC.
Technical Warnings: Overbought signals and bearish patterns suggest a correction.
2. Key Support & Rebound Levels:
Support: 90,000–92,000 is a strong buying zone. Breaking below 90,000 could lead to sharp declines.
Rebound Target: BTC may bounce back to 98,000 before facing further resistance.
3. Market Drivers to Watch:
CPI Data Next Week: Could trigger a short-term BTC rally.
Fed Decisions: FOMC meeting may apply pressure.
US Economic Data: Strong labor market increases rate hike fears.
---
Ethereum Outlook
Likely to follow BTC’s trend.
Key Levels:
Support: 1,800–2,000 USD
Resistance: 2,100–2,200 USD
---
Conclusion
BTC is poised for a rebound from 90,000, but cautious trading is crucial with looming economic data and Fed policy decisions. Short-term opportunities lie in capitalizing on these support and resistance levels.
#ETH #BTC #ACT #TRUMP #XRP