Cryptocurrency market overview

Cryptocurrency market overview

Cryptocurrency Market Review:

📍Market uncertainty. On one hand, there was a correction yesterday, on the other hand, some critical levels of BTC and ETH have not been breached and the market can turn around and grow at any moment, some positive sentiment is seen on the crypto market this morning.

S&P is on support, the dollar index continues to firmly rise.

The market is waiting for some strong movement, but it can start either this week or be postponed until mid-month, where there will be fresh data on US inflation.

Meanwhile, altseason continues: particularly strong growth in LPT, GRT, OCEAN.

✔️News

Powell (Federal Reserve Chairman) speaks at 20:40 today. The market reaction is expected to be more moderate than strong. I think Powell will not want to be the main newsmaker of the week and will be careful in his formulations.

✔️Basic scenario

Many now await the continuation of the trend growth, others are waiting for a fall due to the sad macroeconomic situation. But the BTC range of $22,300 to $24,200 may persist longer than it seems.

Full Disclosure: Third-Party Views Included. No Accuracy Endorsement. Cryptocurrency Prices May Fluctuate. Conduct Your Own Research