Author of the article: crypto emergency

Bitcoin continues to struggle to hold key support levels, while experts discuss how macroeconomic and technical factors may impact the further dynamics of the market. On the air of Scott Melker's program, Mike McGlone and Gareth Soloway shared their views on the current situation.
McGlooun: tightening of the Fed is putting pressure on risk assets
Senior Macro Strategist at Bloomberg Intelligence, Mike McGlooun, noted: the Fed's tightening policy and the risk of recession continue to limit the growth of risky assets; Bitcoin may act as 'digital gold', but liquidity shortages are holding back its price; the key question is whether BTC can decouple from the behavior of other risk assets.

Soloway: the technical picture remains fragile
Technical analyst Gareth Soloway emphasized: the current support level for BTC is critically important; closing below it could lead to a deeper decline; the market may see 'dead cat bounces', so aggressive buying without confirmed reversals remains risky.

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