🔴Expert from MN Trading, Michaël van de Poppe, described Bitcoin’s movement as “horrible” and analyzed the impact of this week’s events. Weak inflation data and the rise in the dollar index are causing uncertainty in the cryptocurrency market. Powell is strengthening the dollar and is in no rush to lower the interest rate, which may lead to further market decline.
🔴The final approval of the Ethereum-ETF could be a turning point. Van de Poppe expects another week of decline but anticipates a possible rise afterward.