Title: Market Volatility as Inflation Data and ETF Flows Awaited
Bitcoin (76,746.01$ -1.07%) and Ethereum (2,097.47$ -1.10%) have seen a slight dip amid increasing sell pressure. On the support level, BTC is approaching the critical 75,500$ mark, while 78,500$ represents a strong resistance facing bounce attempts. For ETH, support is found at 2,050$ , with a key resistance around $2,150.
Investors are currently focused on upcoming U.S. inflation data that could directly impact Fed policies, which in turn reflects on ETF flows that play a crucial role in boosting liquidity and reducing future volatility.
Theoretically, if the inflation data comes in lower than expected, we might see a positive bounce in prices, whereas higher figures could intensify sell pressure in the coming days.
#BTC #ETH #BinanceSquare
Bitcoin (76,746.01$ -1.07%) and Ethereum (2,097.47$ -1.10%) have seen a slight dip amid increasing sell pressure. On the support level, BTC is approaching the critical 75,500$ mark, while 78,500$ represents a strong resistance facing bounce attempts. For ETH, support is found at 2,050$ , with a key resistance around $2,150.
Investors are currently focused on upcoming U.S. inflation data that could directly impact Fed policies, which in turn reflects on ETF flows that play a crucial role in boosting liquidity and reducing future volatility.
Theoretically, if the inflation data comes in lower than expected, we might see a positive bounce in prices, whereas higher figures could intensify sell pressure in the coming days.
#BTC #ETH #BinanceSquare