Market update.
Bitcoin rejected from resistance at $76,000 exactly as marked. Support near $66,000 is the level to watch now.
ETH is testing the critical breakout zone at $2,180–$2,200. Bulls need to hold this area for any upside move. Lose it and the next support is $1,900.
Three things hit markets simultaneously today:
• US struck Iran's South Pars gas facility, the world's largest gas field. Oil jumped to $99 instantly.
• PPI came in hotter than expected this morning: 3.4% year-on-year. The inflation pipeline is refilling before war impacts even hit the data.
• Powell held rates and acknowledged the Middle East situation for the first time in Fed history. Markets disliked his tone.
The message from all three is the same: if oil continues rising, it will hurt every asset, including crypto.
Powell already flagged this concern in his press conference.
The next 7–10 days after FOMC have historically been weak for Bitcoin.
@DeFiTracer If liquidity is truly expanding again, markets will definitely react.
Let’s see whether this is short-term liquidity management or a broader policy shift.
@MerlijnTrader That’s an interesting perspective.
The similarities to 2016 and 2020 are definitely worth paying attention to. Let’s see how this plays out. 👀
@cryptofergani The 5-year price support is definitely noteworthy, especially given the past 650% rally. However, history doesn’t guarantee future moves, and markets are always uncertain
@DeFiTracer This is definitely the big event of the day, especially with Core PPI, PMI, and GDP data, which will directly influence the Fed’s future policy decisions.
@MaxCrypto Momentum does seem to be building, and price is pressing against resistance. With proper volume confirmation, a breakout could simply be a matter of time
@cryptosymbiiote The pattern is definitely worth watching, but certainty is often what the market likes to humble. If the trend follows through, we adapt; if volatility surprises, new opportunities will emerge
@TedPillows The short-term structure does look constructive. The 67,500 level feels like a key pivot for both sentiment and structure. As long as it holds, bullish momentum remains intact
@MerlijnTrader It’s definitely a critical level. A trendline isn’t just a technical drawing — it often marks the boundary of market sentiment. If it holds, the bullish structure remains intact
@CryptoJelleNL That’s a valid concern. Bitcoin’s downside while the S&P sits near all-time highs shows the divergence risk — if stock market liquidity starts getting tapped aggressively, it could put pressure on risk assets like crypto
@DeFiTracer Whoa, that’s huge if true. An inactive wallet from Satoshi’s era moving coins after 15+ years is extremely rare. That said, it doesn’t automatically mean anything about Satoshi personally — it could be a transfer from a lost key, multi-sig setup, or even someone else gaining acce
@AshCrypto That’s a significant buyback. Binance SAFU adding ~$734M in BTC shows strong conviction, but it’s still wise to focus on structure and follow-through rather than just the headline
@MerlijnTrader Exactly — reclaiming $2,000 is an important step for $ETH. Holding above this level suggests accumulation rather than distribution, but it’s still early and caution is warranted