The market and FED are on war. 

> U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted if he can stick to that promise once the pandemic passes and the economy surges on its own.


**MARKET REACTION:**
- STOCKS: The S&P 500 was down 1.41%; The tech-heavy Nasdaq was off 2.13%, briefly moving more than 10% down from its record closing high on Feb 12.

- BONDS: The 10-year U.S. Treasury note yield rose to 1.5362%; 2s ticked lower to 0.1447%

- FOREX: The U.S. dollar index rose to its highest since Feb 5 and was last up 0.47%

# BTC REACTION: 

BTC price went down after Powell. 46.600 USD should be great support If BTC will make ATH this month! If not red candle will be in this month and correction can be completed before mega altcoin season!

We are on war. Market will win!


![Ekran Resmi 20210304 22.47.31.png](https://images.hive.blog/DQmeFxpnzA3KVsv8cZonFdtu6RzRmdKQUdPXnn45hGfxuM8/Ekran%20Resmi%202021-03-04%2022.47.31.png)