“There is no progress if the tariffs are staying,” says Powell-is $ 90K or $ 100,000?

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The last set of Bitcoin faced a solid rejection after a meeting of the Federal Open Committee on Wednesday night. After spreading to every day, Bitcoin retired a little and currently traded in the amount of $ 96,300 – just below the well-known rejection zone that is now retained for almost a week.

Despite this return, the bulls still have reason to remain optimistic. Bitcoin stays above the key momentum low $ 93,360, which also means running weekly low. Holding above this level keeps the wider structure of the bic structure for now, especially in the context of the macro environment that still risks greatly.

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Rejection zone that trades should dedicate to close attention to the seat between 96,900 and 97,900 USD-resistant 2. May. This zone has now seen multiple intradai, indicating a strong offer and indecision from customers to additionally push macro reproind.

Whether Bitcoin would successfully closed above this zone on excess temporal frameworks, the next target target goal is clearly defined at $ 100.17 – psychological and technical magnet that are bulls for weeks. In addition, Bitcoin would have faced the final obstacle available near $ 110,000.

However, the hesitation of the market was not for no reason today. Jerome Powell’s Federal Reserve Stool He hit a careful tone in his press conference, saying“” We will not progress on our goals this year if tariffs remain.“ The comment strengthened quantitative setting, at a time when many risk traders hoped to find traces or swivel traces or facing quantitative relief.

This KT-forward apartment throws a cloud over high beta funds such as Bitcoin, which has historically successful in loose monetary environments. The absence of clear Dovies can explain why Bitcoin would fail through resistance, despite the construction of technical swing earlier in the week.

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If Bitcoin continues to reject in this zone, the lower part level is quickly played. Immediate support lies at $ 92,846 – Low Previous Sunday. From there, traders should follow $ 91,700, a significant swing low, and then $ 90,705, which means a break with a width of four hours.