BTCUSD

Bitcoin is being priced in with the potential improvement in macro liquidity conditions and the Fed's dovish rhetoric. The cryptocurrency, which is moving above the pivot level of 11385.44, is targeting the resistance point of 11670.64. The results of the US unemployment data, which is part of this week's critical data flow, will determine the volatility and direction-seeking in the cryptocurrency market. Technically, the levels of 11845.24-11981.84 form a short-term resistance band, while the range of 11294.12-11096.24 will serve as the main support function in potential profit realizations. The increasing interest of institutional investors in spot Bitcoin ETFs and changes in monetary policy expectations are seen as structural factors supporting risk appetite in the cryptocurrency market. Regulatory developments and institutional adaptation will continue to be monitored as key elements shaping the medium-term outlook.