BTCUSD

The leading cryptocurrency Bitcoin starts the week above the pivot level of $11,035.48, watching the trend of risk appetite in global markets. Although there are no direct data for cryptocurrencies this week, U.S. inflation data and decisions from major central banks will indirectly be the biggest factors. A decline in inflation and dovish messages from central banks could increase risk appetite in the markets, allowing capital to flow into alternative assets like Bitcoin. In this positive atmosphere, Bitcoin is expected to break the resistance at $11,127.38 and initiate an upward trend towards $11,232.19 and then $11,295.32. However, a "flight to safety" mode triggered by high inflation and hawkish central bank statements would lead capital to seek safe havens. In this negative scenario, selling pressure on Bitcoin would increase, and it is likely that the price will correct towards the support levels of $10,962.28 and $10,895.04.