BTCUSD

The crypto market can generally diverge somewhat from traditional markets, but especially macroeconomic developments from the US (FED and growth/employment) can determine the direction of crypto. If the FED remains hawkish, the strong growth/dollar pressure could push BTCUSD below the 118225.00 pivot point, making it likely to test the support levels of 116704.99 - 115844.05. A dovish FED and a global increase in market risk appetite could push BTC back to the resistance levels of 119075.94 - 120595.95 and beyond. Significant intraday breaks can be expected, especially after tonight's FED meeting.