@galactic68rider
The Federal Reserve’s recent rate hike strengthens the USD, pressuring Bitcoin (BTC). Technical indicators like RSI (neutral at 50) and declining 50-day MA suggest bearish momentum. Market sentiment is cautious, with Fear & Greed Index at 52. Capital outflows from ETFs reflect risk-off behavior. However, BTC’s support at $103,491 holds firm. Over the next month, BTC may consolidate between $100,000-$111,069, with a potential dip if macroeconomic fears persist.
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