BTC Holds at $95K Amid Fed Hike Concerns

Bitcoin Price and Fed Rate Concerns
Bitcoin has recently shown a cooling movement, pulling back to its breakout level of $95,000. Traders are watching closely as the market gears up for a Fed rate hike week, making the $95,000 level critical. Buyers need to hold this support to maintain the current bullish outlook.

Technical Snapshot: The 20-Day EMA Factor
Market sentiment remains positive as long as Bitcoin's price stays above its 20-day EMA, which is currently near $92,000. This technical benchmark is pivotal for investors anticipating further upward momentum in Bitcoin.

Altcoin Bullish Sentiments
Beyond Bitcoin, other digital assets such as HYPE, AAVE, RNDR, and FET are exhibiting encouraging bullish chart patterns on both 4-hour and daily timeframes. These altcoins could potentially drive more market action even if Bitcoin experiences short-term volatility.

What to Watch Moving Forward
The crypto market is at a crucial juncture. Investors are advised to monitor Bitcoin's ability to sustain above the $95,000 support level and observe the charts of key altcoins for signs of continued bullish trends as the week unfolds.

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