THE CRYPTO MARKET CONTINUES TO FLUCTUATE DUE TO THE FED IMPACT

#btc#USJoblessClaimsDrop #OnChainLendingSurge

The crypto market has witnessed significant volatility in recent days due to the Federal Reserve. Although Bitcoin (BTC) recovered at midnight and saw the $95,000 level, it experienced a sharp pullback of 1,500 points with the Long Wick Candle model that followed and briefly fell to around $93,500. Although prices have partially recovered, they are currently limited to the highest level of $94,600 and the market is still under bear control.

Market sentiment is quite weak. The Federal Reserve's recent moves have caused large investors to exit the market, while small investors are squeezed. Technical analysis shows that prices are open to further declines after three consecutive pullbacks on the daily chart. While the $92,000 level stands out as a critical support point, the US session is expected to be decisive on market movements.

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• Bitcoin (BTC): Short positions can be opened at $94,500-95,000, target $92,500.

• Ethereum (ETH): Short positions can be considered in the $3,340-3,370 range, target $3,250.

As a result, the market trend continues to look weak. It is critical for investors to be careful and to attach importance to risk management.

#escoin#elg #EscoinToken

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