📉 Market Overview
BTC: $92,986
ETH: $3,157
Fear/Greed Index: 61 (Greed)
BTC.D (Bitcoin Dominance): 58.40%
😇 Hello, friends, and welcome to a new trading week!
Bitcoin is moving sideways, and we have two key zones where we might see a reaction. Sellers may be waiting in the $96–97K range, while buyers are likely in the $90–91K area. Depending on how the price reacts to these levels, we can draw conclusions about its next movements.
📉 This week will be eventful for the crypto market and risk assets. Key macroeconomic data, including the Consumer Price Index (CPI) and Producer Price Index (PPI) for December 2024, is set to be released. With inflation and unemployment on the rise, the Federal Reserve is likely to maintain its tight monetary policy, which reduces capital inflows into crypto assets.
So, grab your popcorn and let’s see how this week unfolds.
What are your predictions for the week?