The main focus is still on Powell's monetary policy press conference on Thursday.

If Powell speaks in a dovish manner, the expectations for rate cuts will increase, and Bitcoin may surge to 100,000 that evening.

Conversely, if he takes a hawkish stance and mentions delaying rate cuts, Bitcoin will likely pull back to at least 92,000-90,000.

A neutral speech would meet expectations, and if it's vague, Bitcoin may consolidate sideways, with the possibility of sharp movements in either direction.