Fed Expectations and Assault on Highs: A Trader Assesses Bitcoin and Ethereum Movement Scenarios
**Summary**
The article analyzes the near-term technical outlook for Bitcoin (BTC), Ethereum (ETH), and the US Dollar Index (DXY) ahead of key macroeconomic events, primarily the US Federal Reserve (Fed) meeting.
* **Bitcoin (BTC):** After bouncing from a key support zone near $64,000, the primary objective is a push toward $67,255. The analysis outlines three scenarios: A) achieving this target, B) a brief pullback to gather liquidity before resuming the uptrend, and C) a less likely sharp correction toward $60,800 if macro surprises trigger risk-off sentiment.
* **Ethereum (ETH):** Shows relative strength, trading near $2,000 and targeting the previous month's high (PMH) at $2,020. The dominant scenario is a breakout above this level, targeting $2,100. A pullback toward $1,880-$1,920 for consolidation is also possible. A deep correction to the $1,640-$1,700 zone is considered the least likely outcome.
* **US Dollar Index (DXY):** Trading around 101.271, just below a key resistance zone. The Fed decision, Powell's rhetoric, and upcoming US GDP and Core PCE data will determine its direction. Scenarios include: a pullback to support near 100.650 before a renewed rise, an aggressive breakout above 101.544 on hawkish signals, or a rejection leading to a drop toward 100.10-100.25.
**Key Triggers:** The Fed's rate decision (expected unchanged) and Powell's press conference (July 29), US Core PCE and Q2 GDP data (July 30), geopolitical developments, and MicroStrategy's upcoming bitcoin-related report are highlighted as major market catalysts. The trading advice is to avoid medium-term positions until these events pass and to focus on short-term, intraday setups with strict risk management.
cryptonews.ru07/27 11:13
