Cryptocurrency Market Anticipates FOMC Meeting Impact

The upcoming FOMC meeting is expected to have a significant impact on the cryptocurrency market, with traders closely watching for signals from Fed Chair Jerome Powell on inflation and monetary policy. The Federal Reserve's tone has become increasingly influential in recent months, with even unchanged interest rates potentially moving markets.

Bitcoin price is currently approaching a key resistance zone near $75K-$76K, with a breakout potentially signaling bullish momentum toward $90K-$100K. However, failure to break this resistance may trigger a deeper correction, with several support levels coming into focus, including $71,500 and $69,000.

Ethereum is also testing a critical level near $2,150-$2,250, with its next move likely dependent on Bitcoin's breakout. If Ethereum secures a strong close above roughly $2,400, it could potentially rally toward $3,300 in the coming weeks.