📉 Market Update: Fed Turmoil & The Altcoin Rotation

The macro landscape is shifting rapidly. Fed Chair Jerome Powell’s clash with the DOJ over "political pressure" has triggered a flight to "neutral" assets. While BTC and ETH are consolidating, we are seeing a significant rotation into mid-cap majors.

📊 Bitcoin ($BTC ) & Ethereum ($ETH )

BTC ($91,400): Holding the $89k - $90k support zone. A breakout above $95k remains the goal for bulls to invalidate the "bull trap" narrative.

ETH ($3,120): Facing heavy overhead resistance.3 Watch the $3,000 psychological floor; if it holds, a recovery toward $3,400 is the next technical target.

⚡ The Outperformers: SOL & XRP

Institutions are pivoting. Last week, while BTC/ETH saw outflows, XRP and Solana products saw a combined $80M+ in inflows.

SOL ($142): Dominating DeFi activity and gaining momentum from Morgan Stanley’s recent Solana ETF filing.4 Resistance sits at $160.5

XRP ($2.10): Holding strong above $2.00 despite broader market volatility.6 The focus remains on its utility in global payment infrastructure.7

🕵️ Global Trend: Privacy Coins Surge

The threat to Fed independence has renewed interest in financial privacy.8 Monero (XMR) recently jumped 18%, and Zcash (ZEC) is up nearly 10%. Traders are using these as a "hedge" against perceived government overreach in the financial system.

💡 Pro Strategy for Today

The U.S. CPI Inflation Data drops later today.9 This will be the "match" that lights the next move.

Bullish Case: CPI comes in lower than expected 10$\rightarrow$ Market rallies on hopes of a January 28 rate cut.11

Bearish Case: Sticky inflation + Fed political drama $\rightarrow$ Expect a deeper retest of support levels.

#Bitcoin #Solana #XRP #CryptoTrading #BinanceSquare #JeromePowell