Important update about crypto market✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin is trading above 95k while ether is trading above 3.2k. After the meeting at Last FOMC, we saw a major sell-off in the market, but now it’s recovering. The US stock market bounced back by about 3% in a day. Let's discuss about Bitcoin, Ethereum, and altcoins. Bitcoin’s weekly RSI is currently above the historical 70 level, which has often acted as support or resistance. If RSI closes above 70, it’s positive for the market. We need to keep an eye on this closing for a healthy market structure. Ethereum recently broke its seven-month resistance but is now struggling at support. If Ethereum closes below support in the next 14 hours, it may return to its consolidation range.

USD dominance has risen with the market crash, showing strength while the crypto market struggles. The weekly closing for Bitcoin and Ethereum is crucial for market health, and altcoin market caps are facing resistance. Although the market is down, we shouldn't panic. Institutional investments, including ETFs, have been flowing into Bitcoin, even without QE starting. The upcoming US money printing could further impact the market, but for now, we expect continued volatility. I hope you understood. That's it for today. Thanks & have a good day!!