š° Key Highlights: š” āA cautious approach is appropriate amid uncertainty.ā š” Fed says it is well-positioned to wait for more clarity on the economic outlook.
Bitcoin has bounced back from support levels, as I anticipated. This move is primarily driven by short-covering, as many positions were closed over the weekend.
The CME futures market closed at $84,650, and any further upward push could trigger a corrective move to the downside. However, I donāt expect any major directional shifts over the weekend.
Altcoins in general will gradually benefit slightly from this slowdown in trend as I see a bounce on most of them. $BTC $ETH