I just reviewed the charts and Bitcoin continues to show weakness. It recently dropped below $71,000 and although it is now hovering around $73,450, the market sentiment remains that everything is falling apart. Technology stocks also closed at lows, so the overall mood is quite heavy.

What worries me most is what’s happening with expectations about the Federal Reserve. There is no longer hope that they will cut rates in 2026 as many thought recently. In fact, it seems they are heading in the opposite direction. This explains why we see such a pronounced fade in crypto and in traditional markets as well.

Let’s see what happens in the coming weeks, but honestly, the momentum we had is evaporating quite quickly. The market is waiting for clear signals from the Fed to regain confidence.