BTCUSD

In a market dominated by a flight from global risk, Bitcoin also took its share from yesterday's FOMC minutes. Expectations of tight monetary policy and a strong dollar are causing liquidity to withdraw from risky assets like Bitcoin. Markets are focused more on the statements that Powell will make tomorrow rather than today's macro data. If Powell reiterates his hawkish stance, it could lead to a new wave of selling in the cryptocurrency market.

Technical Levels: 119,764.46 - 116,248.08 - 115,214.10 - 112,925.70 - 111,266.00 - 110,000.00 - 108,500.00
Technical Commentary: After the hawkish minutes, the pivot at 116,248.08 was sharply broken, accelerating sales. Prices are retreating towards the support at 112,925.70. This level is a critical threshold for the continuation of the decline. If broken, the levels of 111,266.00 and the psychological level of 110,000.00 could be targeted. In the event of an upward reaction, 115,214.10 and 116,248.08 are now significant resistances.