Bitcoin, Ethereum, Dogecoin Dip as a rebound in actions: Top Trader provides that the fall of the BTC at $ 99,000, but a Fed “ Dovish ” could trigger a recovery – Grayscale Bitcoin Mini Trust (BTC) common units fractional Not divided (Arca: BTC)

The main cryptocurrencies lost early gains on Tuesday, while the actions recovered well after Monday In depth scare.

What happened:: Bitcoin fell to $ 100,260 in the evening after an increase at $ 103,465 in morning hours. The main cryptocurrency finally exceeded $ 101,000 while merchants bought the decline.

Ethereum also abandoned early advances, falling to a hollow of $ 3,044 after a move over $ 3,200 in the morning.

More than $ 300 million has been liquidated on the cryptocurrency market in the past 24 hours, with $ 229 million upwards being abolished.

Bitcoin’s open interest has slipped almost 4% in the last 24 hours. A drop in cash prices, coinciding with a drop in the OI, suggested the liquidation of long.

Interestingly, 60% of the best binance traders were still long Bitcoin, indicating a potential rebound in the coming days.

The feeling of the market has remained in the “greed” area, according to the Crypto Fear & Greed index.

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The global market capitalization of cryptocurrency amounted to 3.44 dollars, contracting 1.49% in the last 24 hours.

The actions rebounded on Tuesday, recovering the losses of Monday Decline. THE Nasdaq Composite Raised 2.03% to end at 19,733.59. THE S&P 500 increased by 0.92%, closing to 6,067.70. THE Industrial average Dow Jones Addition of 136.77 points, or 0.31%, to end at 44,850.35.

Ai giant NVIDIA Corp. Nvda rallied 8.93%, one day after recording His worst loss of a day in history.

Investors turn their attention to the federal reserve meeting on Wednesday, with a consensus that the Central Bank will retain its current target rate from 425 to 450 base points, unchanged, according to to the CME Fedwatch tool.

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Analyst’s remarks: Cryptocurrency analyst and merchant monitoring widely followed Ali Martinez Spotted a sales signal on the Bitcoin hourly graph, using the TD sequential indicator.

“Bitcoin could retain recent stockings around $ 99,000. A rebound can follow, supported by a dominant perspective of the Fed tomorrow,” predicts Martinez.

The TD sequential indicator is a technical analysis tool that identifies the exhaustion points for potential trends and price reversals.

Blockchain analysis company Cryptocurrency Noted a significant increase in the market share of Bitcoin holders by American entities, including exchanges, banks and funds, which suggests that the bull market was far from finished.