{"environment":"MILD RISK-ON","score":3,"score_max":8,"key_signals":["M2 expanding +5.6% YoY — liquidity supportive","Fed holding steady — neutral","DXY sideways (100.94, +0.1% 4w) — neutral","Real rate low (0.29%) — supportive for crypto","BTC dominance high (55.6%) — capital in BTC, alts likely underperform"],"dxy":{"price":100.94,"trend":"SIDEWAYS","trend_label":"Sideways","change_4w":0.09,"interpretation":"DXY sideways — neutral for crypto"},"fed":{"rate":3.63,"direction":"HOLD","direction_label":"Hold (sejak Jan 2026)","interpretation":"Fed holding steady at EFFR 3.63% — no policy change in recent months","rate_3m_ago":3.64,"rate_6m_ago":3.64,"note":"EFFR 3.63% | Target resmi 3.50-3.75% | FOMC berikutnya: 28-29 Apr 2026"},"btc_dominance":{"pct":55.6,"interpretation":"BTC dominance high (55.6%) — capital in BTC, alts underperform","source":"CoinPaprika"},"real_rate":{"value":0.29,"yield_10y":4.56,"cpi_yoy":4.27,"interpretation":"Real rate low (0.29%) — conditions supportive for crypto"},"m2":{"value_billion":23.1,"yoy_pct":5.58,"trend":"UP","trend_label":"Expanding","interpretation":"M2 expanding +5.6% YoY — liquidity supportive"}}