Bitcoin's showing some pullback pressure right now, which is pretty typical in volatile market swings. The real question is whether we can hold above the 21-day moving average—if that breaks, things could get messy with more downside follow-through. On the flip side, maintaining that level would be a solid floor to build from. The US Open data drop later today could be a major catalyst either way, so traders are definitely watching the clock. Market sentiment really hinges on what those numbers show.
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Bitcoin's showing some pullback pressure right now, which is pretty typical in volatile market swings. The real question is whether we can hold above the 21-day moving average—if that breaks, things could get messy with more downside follow-through. On the flip side, maintaining that level would be a solid floor to build from. The US Open data drop later today could be a major catalyst either way, so traders are definitely watching the clock. Market sentiment really hinges on what those numbers show.