Hawkish Messages from the Fed: Sharp Declines in Gold and Bitcoin

The headline reflects the Fed's hawkish tone and the deterioration in risk appetite; BTC has already declined 1.25% in 24 hours. The technical picture is also weak: the price is below the SMA20 and SMA50, the MACD is in negative territory and below the signal line, and the RSI at 42 indicates seller pressure. In the short term, the SMA20 around 74,000 can be watched as resistance, while the 73,500-74,000 band is the first support. If hawkish Fed messages continue, downward pressure may persist, but the RSI not approaching oversold territory leaves the possibility of limited reaction buying open. Therefore, the bias is to the downside, but confidence should be kept at a moderate level.

The news headline emphasizes the Fed's hawkish stance and points to a sharp decline in gold and Bitcoin, which is a short-term negative catalyst for GLD. The 24-hour change already confirms this pressure at -2.19%. The RSI at 44.6 is in neutral-weak territory and below the MACD signal line, indicating downward momentum. However, the price being well above the SMA20 and SMA50 (despite data inconsistency) implies the medium-term trend remains strong; therefore, I am not setting an overly aggressive bearish expectation. Selling pressure may persist in the short term, but rebound buying could emerge.

The news highlights hawkish Fed messages, which create upward pressure on the DXY. Although the RSI at 69.65 is approaching the overbought threshold, trend strength remains intact. MACD is above its signal line and price is trading above SMA20 and SMA50, indicating positive short-term momentum. However, the overbought zone and resistance near the 102 level may limit further upside. I expect a moderately upward bias over the 1-3 day outlook.