Bitcoin extended a strong rebound during the first half of the day amid expectations of a further retreat from the US dollar and a broader reallocation of assets.

Financial giants have begun to move as well. Yesterday, it emerged that one of the world's largest investment banks is building a dedicated crypto division. Morgan Stanley said it is intensifying its focus on digital currencies, creating specialized roles and appointing Amy Oldenburg as head of digital assets strategy in a newly created position. Oldenburg previously led the bank's emerging?markets equities business.

The appointment underscores a strategic shift: a firm traditionally oriented toward conservative investments is now integrating blockchain technology into its ecosystem and appears set to offer clients access to Bitcoin ETFs and advice on DeFi. Moves by Wall Street incumbents signal an accelerating convergence of traditional finance and the crypto world, potentially opening the door to trillions of dollars of institutional capital.

In the context of today's FOMC decision, Bitcoin may become a key gauge of market sentiment. If Chair Jerome Powell hints at further policy easing, cryptocurrencies are likely to continue higher. Conversely, signals of a firmer policy stance would swiftly remove buyers from the market and trigger a correction. Against that backdrop, traders should remain vigilant and carefully balance risks.

Trading recommendations:

From a technical perspective, buyers of BTC are targeting a return to $90,000, which would open a direct path to $92,100 and then $94,000. The extended target is the peak near $95,800. A break above that level would signal attempts to re?establish a bull market. On a pullback, buyers are expected at $87,900. A decline below that area could quickly push BTC toward $86,300, with a further downside target near $83,200.

As for Ethereum, a clear consolidation above $3,053 would open a route to $3,129. The extended target is the peak near $3,192. Surpassing that level would strengthen bullish sentiment and renew buyer interest. If ETH falls, buyers are anticipated at $2,970. A drop below that zone could rapidly send ETH down to about $2,887, with a farther downside target around $2,789.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.