In the latest trading session Bitcoin slid around 13 percent toward 66370 dollars while Ethereum pulled back roughly 24 percent to near 1921 dollars as crypto markets reacted to hawkish signals from the latest Federal Reserve minutes $BTC
Risk appetite weakened sharply as macro pressure intensified and traders reassessed expectations for rate cuts
đ Market Price Action Today Red Across The Board
Bitcoin down around 13 percent near 66370
Ethereum down around 24 percent near 1921
Overall market sentiment turned risk off as the US dollar strengthened and bond yields climbed
This price action aligns with broader weakness across risk assets following the release of Fed meeting minutes signaling caution on inflation
đ Technical Landscape Extreme Fear And Critical Zones
The Fear and Greed Index currently sits near 11 firmly in Extreme Fear territory
Historically such readings often appear near local bottoms but they can also signal further downside before a reversal
Key technical levels to watch
Support zone near 66000
A decisive break below this level opens downside risk toward 60000
On the upside reclaiming the 69500 to 70000 zone would begin shifting short term momentum bullish
Extreme fear reflects emotional selling but it does not guarantee an immediate bounce
đ Hawkish Fed Minutes What The Market Is Reacting To
Recent Fed minutes showed policymakers remain concerned about inflation and are not ready to declare victory
Officials indicated that interest rates may need to stay higher for longer and that additional hikes remain possible if inflation persists
How this impacts crypto
Delayed rate cuts keep liquidity tight
A stronger dollar pressures risk assets
Bitcoin and Ethereum tend to struggle during hawkish monetary phases
Historically crypto markets have faced drawdowns during periods when the Fed reinforces a restrictive stance
đ» Bearish Scenario If Macro Pressure Persists
The bearish case strengthens if
Inflation data remains hot
The Fed continues to sound hawkish
The dollar and yields keep rising
Bitcoin loses the 66000 support decisively
In this scenario liquidation cascades could push BTC toward the 60000 region as leverage unwinds and sentiment worsens
Extreme fear can deepen further before a durable bottom forms
đ Bullish Scenario If A Pivot Emerges
Despite current weakness a bullish path still exists
Extreme fear has historically preceded strong rebounds
Any cooling inflation data could force the Fed to soften its stance
A shift toward lower yields would restore risk appetite
If macro data surprises to the downside Bitcoin could rapidly reclaim resistance levels and flip sentiment aggressively bullish
đ Why This Moment Matters For Crypto
Crypto remains highly sensitive to macro liquidity conditions
The next phase of Federal Reserve policy could define whether this move becomes a deeper correction or a consolidation before the next leg higher
Tight policy favors bears
A pivot or liquidity return favors bulls
With sentiment deeply negative and price hovering near key support levels volatility is likely to expand $ETH
đ Key Takeaways $BNB
Bitcoin and Ethereum are reacting directly to hawkish Fed minutes
Fear and Greed Index shows extreme fear near 11
66000 is a critical support level for Bitcoin
A break below risks a move toward 60000
A macro pivot could trigger a sharp rebound
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