I just listened to a market analysis on the air, and interesting points about Bitcoin were discussed. Mike McGlooun from Bloomberg Intelligence shared his view on how current Federal Reserve policies are affecting the entire spectrum of risky assets, including crypto.

According to him, the Fed's tightening continues to pressure everything related to risk. Bitcoin, of course, is positioned as digital gold, but liquidity shortages in the market are restraining its growth. An interesting point highlighted by Mike McGlooun is that the main question now is whether BTC can finally detach from the behavior of other risky assets or will it continue to move in the same herd as stocks and other instruments.

From a technical perspective, Gareth Soloway noted that the current support levels for Bitcoin are critically important. If we close below them, expect a more serious decline. The market is currently full of so-called dead cat bounces, so aggressive buying without confirmed reversal is simply risky.

Currently, BTC is trading around 78.76K, up 0.81% for the day. Nothing particularly dramatic, but nothing especially positive either. Everything depends on how the macroeconomic situation develops and whether the crypto market can find its own logic. It’s important to closely monitor these support levels that Soloway mentioned.