๐จ Market Update - ๐
After multiple good reaction from $117.3k (Monday Low) area, Bitcoin is once again heading back this level. In the process it is creating clear Lower Highs, and we want to see $117.3k hold to give any chance of $119.4k (Weekly Open) being retested again. If we lose the Monday Low, we could see a move towards $115k within the next 24 hours IMO.
We need to be aware that BTC Dominance is increasing again, so any lower test on BTC is going to cause pain in altcoins.
FOMC interest rate decision this evening, so we could expect some volatility around time, although the market is almost certain of no rate cut.