According to Material Indicators, FireCharts data shows that Bitcoin bid liquidity above $93,000 has been replenished overnight. This suggests strong buy-side interest at key support levels, which could help bulls defend the 'YO' support if bids continue to accumulate in the coming hours. However, the latest comments from Powell may act as a catalyst for retesting recent lows, making the sustainability of this renewed liquidity critical for short-term price action. Traders should closely monitor how bid stacking evolves as it could influence immediate Bitcoin price movements. (Source: @MI_Algos)

According to The Kobeissi Letter, the Financial Times reported that the Fed is 'absolutely' ready to stabilize the market if needed, leading to a sharp rally perceived as the emergence of the 'Fed put.' However, recent comments by Powell push back on this view, indicating potential volatility in cryptocurrency markets.