BTCUSD

Bitcoin and the overall cryptocurrency market are focused on the messages that will come from Fed Chairman Powell's speech and the changes in global risk perception. A hawkish speech from Powell and a strengthening dollar could accelerate the flight from risky assets, causing BTC to break the $65,200 support and experience a pullback towards $64,000. On the other hand, Powell's more dovish or market-relaxing statements could increase risk appetite, allowing Bitcoin to target the $67,500 resistance and, if successful, initiate a recovery towards $68,800.