BTCUSD

Bitcoin is fluctuating around the pivot level of 115164.84, with its direction tied to Fed Chairman Powell's speech on Tuesday and the inflation data on Friday, which will determine the global risk sentiment. Typically moving in parallel with risky assets like Nasdaq, Bitcoin could target the resistance levels of 115714.59, 116259.15, and 116692.25, supported by dovish messages from Powell and a soft inflation report creating a positive wind. Conversely, a hawkish Fed triggering a risk-off mode would create selling pressure in the cryptocurrency market, pushing Bitcoin towards the support levels of 114660.66 and 114185.93.