Over the past 24 hours, the price has been going according to plan from the previous review.
Market capitalization is 3.17 trillion, dominance index is 60.94%.
Fear and greed index is 50 (Neutral).
Yesterday, the price first removed the shelf from liquidity at 94713, and then went to test the manipulation zone from where the downward movement is now taking place.
For growth, consolidation above 98478 is needed, which will provoke BTC to move to remove the shelves higher, up to 102543. If this does not happen, the price may continue to smoothly decline lower, down to 91000.
The crypto market has frozen without any pronounced volatility — both BTC and altcoins are in a state of uncertainty. There are no obvious movements yet.
The indices closed in different directions yesterday.
At the close of trading on the New York Stock Exchange, the Dow Jones fell by 0.50%, the SP500 index fell by 0.27%, and the NASDAQ index rose by 0.03%. The dollar index rose by 0.05% to 107.89.
The inflation data came out worse (higher) than expected. Combined with Powell's speech the day before yesterday, this is a negative signal for the market — now the rate cut is only planned for the October Fed meeting. The good news is that the crypto market is not reacting to the negative with a sharp decline.
Have a nice day and peaceful skies everyone!
Take care of yourself and your loved ones!
❤️🇺🇦🙏🏻