BTCUSD 
NDX 
FEDFUNDS Bitcoin’s price is currently stagnant, indicating an unusual market period. Let's see what this week brings. However, I firmly believe a minor correction to around $66,000 is needed after the recent surge. It is important to pay attention to the upcoming economic events that will undoubtedly have a significant impact on risk assets.
Economic Events Influencing Bitcoin:
1. Federal Reserve Interest Rate Decision: The recent rate hike announced by the Federal Reserve has historically led to a decrease in risk assets like Bitcoin, potentially impacting its price.
2. Inflation Data: Higher-than-expected inflation figures contribute to market uncertainty, often causing investors to shy away from cryptocurrencies.
3. Global Economic Slowdown: Growing concerns about a global economic slowdown are negatively impacting investor sentiment, resulting in decreased speculative investments in assets such as Bitcoin.
The interplay of these economic factors suggests that a pullback in Bitcoin's price is plausible, aligning with observed investor behaviors and market trends.
Based on my analysis, I reassessed some of my positions, opting to realize profits and adopt a cautious approach during this period of uncertainty to avoid any hasty decisions.
Take Care!
