BTCUSD

Bitcoin, which serves as the barometer for global risk appetite, is awaiting the Fed agenda for the remainder of the week. The FOMC minutes and Powell's speech will determine liquidity conditions and, consequently, the direction of the cryptocurrency market. A hawkish Fed perception could trigger a flight from risky assets, while markets are currently in a cautious wait-and-see mode.

Technical Levels: 121,224.15 - 120,215.20 - 119,764.46 - 116,248.08 - 115,214.10 - 112,925.70 - 111,266.00
Technical Comment: As long as it stays above the pivot of 116,248.08, resistances of 119,764.46 and 120,215.20 may come into play. A drop below the pivot could target supports of 115,214.10 and 112,925.70.