BREAKING
205d 18h ago

Bitcoin Macro Outlook: Key Insights Ahead of Powell’s High-Pressure Week

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

The conclusion of Crypto Week marks a pivotal moment for digital asset markets as investors recalibrate their strategies ahead of Federal Reserve Chair Jerome Powell’s upcoming testimony. Market participants anticipate heightened volatility, with Powell expected to face intense scrutiny regarding monetary policy and its implications for cryptocurrency valuations. The macroeconomic landscape remains complex, influenced by inflation data and interest rate projections, which are critical factors for crypto market dynamics. Traders and institutional investors alike are closely monitoring these developments to gauge potential shifts in liquidity and risk appetite. As regulatory frameworks continue to evolve, the intersection of traditional finance and digital assets underscores the importance of informed decision-making in this rapidly changing environment.

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