BTCUSD

Bitcoin, positioned as a global risk asset, has focused on this evening's FOMC minutes and Friday's Powell speech. Signals of tight monetary policy from the minutes could trigger exits from assets like Bitcoin by tightening liquidity conditions and reducing risk appetite. Therefore, today's developments will be decisive for the weekly direction of the cryptocurrency market.

• Technical Levels: 121,224.15 - 120,215.20 - 119,764.46 - 116,248.08 - 115,214.10 - 112,925.70 - 111,266.00
• Technical Commentary: The 116,248.08 pivot is centrally positioned ahead of significant risk events. If the minutes are interpreted as dovish, it could initiate a move toward the 119,764.46 and 120,215.20 resistances. A hawkish tone could target the 115,214.10 and 112,925.70 supports.