*Cryptocurrency Market Analysis*
*Bitcoin (BTC)*
Bitcoin's price seems to be finding a support zone around $111,000, where we've already observed some initial reactions and a potential rebound. However, even with this bounce, there is a possibility that BTC could still dip below $109,000.
*_Ethereum (ETH)_*
In contrast to Bitcoin, the Ethereum chart appears to be holding strong despite recent BTC movements and new lows. Ethereum is maintaining its position around $4,200, forming higher low swings on the 4-hour timeframe. This suggests the selling pressure is easing, setting the stage for a constructive upward move.
*Outlook*
All eyes are on Powell's speech at 7:00 PM. We will reassess and adjust our trading strategies as needed once he speaks
#MarketInsights" #ravaidkhan #Marketupdates #PowellSpeaks $BTC
