The Federal Reserve has maintained interest rates at 4.50%. We also saw a slight pullback down and a rise to $99,500. When a rate cut will occur is unknown, the Fed Chair stated that hasty adjustments are not needed for now, it is necessary to observe labor market conditions and inflationary pressures before considering any changes to interest rates.
📈ETF-BTC shows resilience in demand for bitcoins amid market turmoil, although markets remain sensitive to macroeconomic signals. The price momentum of BTC is gaining strength, and more bulls are entering the market.
Globally, critical resistance is around $116,891, and breaking it could push the price to $150,000. After breaking the key resistance, I expect to see the long-awaited alt-season. Locally, around 100.000$ , a slight correction is possible.