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Michael van de Poppe, industry influencer, comments on recent market action during the FOMC speech, describing a classic risk-off move.
He notes that Bitcoin has held its lower timeframe uptrend from a technical perspective and suggests continued strength as the market approaches the next FOMC event in May.
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Other analysts have also monitored technical trends in digital assets. TweetAuthor noted that ARB maintained upward momentum even as the possibility of a correction remained. Separately, CryptoSqueeze suggested that ETH was nearing a breakout as it tested resistance at €2,070.