#MarketPullback #CryptoStrategies
1. Current Market Environment
We’re seeing low trading volumes and general uncertainty as we approach Wednesday’s Fed policy announcement. While there’s a strong consensus (99%) that rates will remain unchanged, markets might already be factoring in potential moves—raising the risk of a short-term dip, potentially toward the $91K or $88K range for $BTC bitcoin.
2. Focus on Fed Guidance
All eyes are on Powell’s comments and the Fed’s updated economic projections. A more dovish tone could boost market sentiment, but if the Fed sticks to a hawkish or neutral stance, we may see the correction continue.
3. Upcoming CPI Data
Next Tuesday’s inflation report could inject fresh volatility. Depending on how the numbers come in, it may sway the Fed’s tone and, by extension, the market’s direction.
4. Bitcoin Dominance Trends
BTC dominance is on track to hit around 67% before the next leg down. $ETH Ethereum could see some alignment, possibly ranging between 0.016 and 0.017 in BTC terms.
5. Strategic Outlook
While the broader trend remains bullish, some near-term pullback is expected. Staying steady and managing risk seems like the smart play for now.