#MarketPullback Market Pullback Overview
1. Current Market Conditions:
Trading volumes remain low, and uncertainty is high ahead of Wednesday’s monetary policy decision. Although there's a 99% probability of no immediate rate cuts, the market appears to be pricing in potential moves. A short-term pullback is possible, with Bitcoin potentially retracing toward the 91k–88k range.
2. Federal Reserve Outlook:
The Fed’s economic projections and Powell’s speech will be pivotal. A dovish tone could boost market sentiment and trigger a rebound. Conversely, a neutral or hawkish stance may extend the current correction.
3. CPI Report Next Week:
The upcoming CPI data on Tuesday introduces additional volatility. Inflation numbers will heavily influence the Fed’s future decisions and broader market direction.
4. Bitcoin Dominance (BTC.D):
BTC dominance is projected to climb to around 67% before another downturn. Ethereum may trend in the 0.016–0.017 BTC range as this plays out.
5. Market Outlook:
While the broader view remains bullish, a near-term pullback is expected. Remaining steady and cautious in the market seems prudent for now.
Latest Prices:
BTC: $97,198.70 (+3.31%)
ETH: $1,829.80 (+3.48%)
Would you like a chart or visual summary to go along with this?