$BTC Market update

🚨 Market Update

The market is currently treading on thin ice, with low trading volumes and all focus directed toward Wednesday’s upcoming monetary policy decision. While there’s a 99% probability that there won’t be a rate cut, the markets are likely to price this in by mid-week. This could potentially lead to a pullback, possibly targeting levels around 91K or even 88K — although the exact range remains uncertain.

What’s likely to have a greater impact is Fed Chair Powell’s economic projection speech. This will provide key insights into the Fed’s forward outlook. Should the projections signal a shift toward a more accommodative policy, we can expect a strong market rebound.

Looking ahead, next Tuesday’s CPI print adds another layer of importance to the week. Overall, the next 7 days are shaping up to be quite eventful.

Despite my generally bullish stance, I anticipate Bitcoin dominance (BTC.D) to rise toward 67% before we see the expected dip. Ethereum could potentially drop to the 0.016–0.017 BTC range, aligning with a scenario where one asset tops while the other bottoms out.

For now, I’d remain in stable assets but wouldn’t completely exit the market either — staying prepared for opportunities on both sides