BTCUSD

While Bitcoin fluctuates around the pivot level of 115164.84, its direction is closely tied to the speech of Fed Chair Powell on Tuesday and the inflation data on Friday, which will determine global risk sentiment. Typically moving in parallel with risky assets like Nasdaq, Bitcoin could target resistance levels of 115714.59, 116259.15, and 116692.25 with positive momentum from dovish messages from Powell and soft inflation data. Conversely, a hawkish Fed could trigger a flight to safety, creating selling pressure in the cryptocurrency market and pushing Bitcoin towards support levels of 114660.66 and 114185.93.