⚡ Market on a Knife’s Edge Ahead of Powell’s Speech ⚡
Bitcoin’s ($BTC )slide from ATH to $113K shows how fast sentiment can flip. The Fear & Greed Index plunged proof that crypto is still the best barometer of global risk appetite. 📉
🔑 Key Levels:
👉 Major support at $108K a breakdown could open the door to $100K.
👉 On-chain shows short-term holders already selling at a loss.
But it’s not all bearish:
✅ $SOL and $DOGE are showing strength, hinting at a healthy capital rotation rather than total panic.
🎯 Bottom Line: The market is coiled tight. A dovish surprise from Powell could ignite a sharp relief rally. Until then, all eyes remain locked on $108K support.