China’s Politburo backs AI initiative, potential boost for Alibaba models

What To Watch

• 1.BTC $68,500 — a sustained break below this key support level, which has held multiple times, would signal a potential retest of $65,000 and invalidate the recent bullish structure.
• 2.Exchange Netflow (All Exchanges) — a significant sustained outflow of BTC from exchanges would signal increased HODLing behavior and reduced selling pressure, potentially indicating accumulation ahead of a price increase.
• 3.U.S. Federal Reserve's next FOMC meeting (interest rates) — a hawkish surprise (e.g., unexpected rate hike or stronger-than-expected hawkish guidance) would likely trigger a broad risk-off sentiment, leading to significant downward pressure on crypto assets due to reduced liquidity and increased cost of capital.