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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.
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Ethereum Outlook
Likely to follow BTC’s trend.
Key Levels:
Support: 1,800–2,000 USD
Resistance: 2,100–2,200 USD
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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