Bitcoin is facing some heavy weather today. With hawkish Fed minutes rattling the markets and the DXY (US Dollar Index) hitting a two-week high, BTC has slipped to around $66,940.
Key Data Points:
Fear & Greed Index: Currently at an extreme low of 5. đ±
Momentum: BTC has been struggling to stay above the $68k support.
Macro Factor: Federal Reserve hints at potential rate hikes if inflation stays sticky, pushing investors toward the safety of the USD.
Technical Levels to Watch:
Support: If $65,000 breaks, we might be looking at a test of the $60k - $62k zone.
Resistance: Needs a solid daily close above $70,000 to reclaim bullish momentum.
Stay cautious, manage your risk, and don't FOMO into a falling knife! đĄïž
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