Intro:
The countdown has begun! With just 120 hours to go, the odds of a Fed rate cut have skyrocketed to 97%. This anticipation has injected fresh life into the market, with the total crypto market cap bouncing off key support to reclaim $3.08 TrillionтАФa massive $69 Billion injection in just 24 hours. Is the market ready to explode, or is this a trap?
Bitcoin (BTC): The Battle for Trend ($91,596)
Bitcoin is showing a slight pulse but remains stuck under a persistent downtrend active since late October.
The Bull Case: Buyers must fiercely defend the $91,521 level. A successful hold here could launch BTC toward $95,000, signaling a genuine recovery.
The Bear Case: The danger zone lies below $86,822. Losing this support would invalidate the bullish thesis and expose BTC to a significantly deeper correction.
Zcash (ZEC): The Comeback Kid (+15.65%)
While Bitcoin struggles, Zcash (ZEC) is stealing the show, surging over 15% to trade near $397.
Why the Pump? Recovering from steep losses, ZEC is flashing bullish signals on the Ichimoku Cloud.
Crucial Levels: To extend this rally, ZEC needs to flip $403 into support. If successful, the next major target is $442.
Risk Check: Watch the $340 support closely. A break below this level (and subsequently $300) could trigger a flush down to $260.
Conclusion:
The broader market has successfully bounced off the critical $3.00 Trillion floor. However, sentiment is fragile. Traders should monitor these pivots closely as we approach the Fed's decision.
