#MarketPullback

🚨 Current Market Snapshot

The market is treading cautiously on thin volumes as we head into a pivotal week. All attention is fixed on Wednesday’s monetary policy decision. With a 99% probability of no rate cut, a move on rates seems unlikely—yet the market is expected to price this in by mid-week. This sets the stage for a potential downside, with possible pullbacks towards the 91K or even 88K levels, although the exact target remains uncertain.

The real focus, however, will be on Powell’s economic projections. Investors will be watching closely for any signs of a shift in the Fed's policy tone. A dovish outlook or signals of easing in the future could spark a bullish reversal across the board.

Adding to the complexity is next Tuesday’s CPI release, which makes the next seven days particularly crucial for market sentiment. Personally, while I lean bullish, I still see room for BTC dominance to reach the 67% mark before the anticipated drop.

ETH may retest the 0.016–0.017 BTC range, aligning with a possible top in BTC.D and a bottom for ETH. It’s a game of timing right now. I’d recommend staying partially in stablecoins but not exiting the market entirely.