📊 Market Update: Stocks, Fed Policy & Crypto Trends

U.S. Stock Market Recap

Dow Jones: +0.28% ✅

S&P 500: +0.03% (Almost Flat)

Nasdaq: -0.36% ❌

Tesla: -6% 📉 (Dropped for 5 straight days, lowest since Nov 2024)

Federal Reserve & Interest Rate Outlook

Fed Chair Powell’s Key Message: No rush to adjust interest rates.

🔹 If inflation stays high → No rate cuts

🔹 If the economy weakens → Possible rate cuts

Powell’s tone was slightly hawkish, meaning he leans toward keeping rates steady.

Key Event Tonight (21:30): U.S. CPI Inflation Data 🔥

This will impact both traditional markets and cryptocurrencies.

💎 Bitcoin (BTC) Analysis

Current Status:

BTC failed to break higher multiple times.

Dropped to $94,817 before a weak rebound.

Key Levels to Watch:

Support: $95,500 – If price holds, BTC could move higher.

Resistance: $96,500 - $97,200 – Needs to break for a bullish move.

Watch for bullish candlestick patterns (like a hammer or engulfing candle) for a potential rebound.

💎 Ethereum (ETH) Analysis

Current Status:

ETH dropped to $2,555 and rebounded slightly.

Technical Trend:

Still in a downward channel 📉.
Needs to break above resistance for an upward move.
Support at $2,550 – If it holds, ETH may stabilize before an uptrend.