Market OverviewBTC: $80,734
ETH: $2,507
Fear & Greed Index: 74 (Greed)
BTC Dominance: 60.32%
It looks like short sellers keep shooting themselves in the foot, trying to find a good entry point. Yesterday, they got squeezed out twice at $80K, and today — already at $81K. And it's quite possible they'll get squeezed out once or twice more. That said, I'd bet that we won't make it to $85K, and it's possible that the market will already be in the red by the end of the week.
Tomorrow we'll get the PCE report — the Personal Consumption Expenditures Price Index. It's a fairly important indicator for the Fed, although it's worth noting that the market isn't expecting any major surprises from the release.I'll talk about it in more detail in the next post.
