The week closes with a key risk: high-level comments are expected today from the European Central Bank (#ECB ) regarding inflation expectations and the future trajectory of interest rates.
If the message is Hawkish, suggesting that rate increases are not finished yet, the Euro (€) could temporarily strengthen. This would pressure the Dollar (DXY) downwards, giving a breather and a key space to $BTC to consolidate or attempt a pump.
But if the ECB adopts a Dovish tone, the Euro would fall, injecting strength into the DXY and complicating any attempt at a Bitcoin breakout before the weekend.
