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BTC, ETH Could Flush to Next Support Levels Post-FOMC Meeting Minutes

BTC, ETH Could Flush to Next Support Levels Post-FOMC Meeting Minutes

BTCUSD closer than ETHUSD to key support levels, with both potentially seeing short-covering in the day or so after highly anticipated FOMC Meeting Minutes. Any further bear extension in the day following the FOMC Meeting Minutes likely to reverse by Thursday with the US CPI and even more so by Friday with the USPPI, with any emergency Fed cut providing a longer bounce.

Apr 9, 2024

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2 min read

Independent analysis on digital asset markets, regulation, and emerging trends.




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