#BTC waiting for data ⏳️
Bitcoin has currently reached a descending trend line, but in order to confidently break through and establish itself above it, a strong driving force is needed.
Today, employment data will be released, which Powell stated would be closely watched for decisions on interest rates. Yes, he hinted at a decrease, but left an escape route based on the results of the upcoming reports.
There is a high probability of a downturn if today and tomorrow's data are more negative than forecasted. With good reports, the price will likely rise above the trend line.
Positive data or at least neutral data is also important for altcoins, which are heavily dependent on interest rates. At the slightest hint of a decline, they negate the growth and drop even more, despite dominance.
