Bitcoin and Ethereum Hit Bottom as Fed Holds Rates Steady
📊 BTC — Piyasa Yorumu
■ neutral · 60%Although the headline suggests a potential bottom formation in Bitcoin following the Fed's interest rate decision, technical indicators do not provide a clear direction. The RSI stands at 49.4, in neutral territory, while the MACD is below its signal line, and the price is trapped between the SMA20 and SMA50. In the short term, a sideways movement or a slight recovery is possible, but additional confirmation is needed for a strong rally. The market may be digesting the price action after the rate decision.
📊 ETH — Piyasa Yorumu
▼ down · 65%The news headline indicates that Bitcoin and Ethereum experienced a sharp decline following the Fed's interest rate decision. This suggests that short-term selling pressure in the cryptocurrency market may persist. Technical indicators also confirm the weakness: the RSI is at 42, below the neutral zone, and the MACD line is below the signal line and in negative territory. The price is trading below the 20-day and 50-day moving averages. Therefore, a continuation of the downtrend is likely over the next 1-3 days.
📊 SPX — Piyasa Yorumu
▼ down · 60%The news indicates that the Fed's interest rate decision has led to a sharp decline in cryptocurrencies. This negative impact on risk appetite could also create selling pressure on indices such as the SPX. Technically, the RSI being in overbought territory at 78.8 increases the likelihood of a short-term correction. Although the MACD remaining above its signal line maintains upward momentum, a downward movement can be expected due to overbought conditions and negative news flow.
📊 NDX — Piyasa Yorumu
▼ down · 60%The NDX is in overbought territory with an RSI of 84.8, increasing the risk of a short-term correction. News headlines indicate that the decline in cryptocurrencies could negatively impact risk appetite and spill over into technology stocks. Despite a 3.1% rise in the last 24 hours, the combination of overbought conditions and negative news flow suggests a potential downward move in the near term. However, since the MACD and SMAs still support the uptrend, any decline is likely to be limited.