I understand your concern about the sharp drop in Bitcoin (BTC) as its price fell to $103,300 after traders began to reduce risk ahead of the upcoming Federal Open Market Committee (FOMC) meeting and the subsequent interest rate decision that will be made public on Wednesday.
The correction follows a weekly close of a bearish candle, suggesting a trend reversal, while geopolitical tensions, particularly the Israel-Iran conflict, add to the risk-averse sentiment.
I am not a trader, but we must consider that this perspective is very risky according to the market, as there is variation every hour. According to the strategy, it is essential to research by reviewing Binance charts or CoinGecko charts of daily or weekly candles. If you still believe in your long-term strategy, buy with small amounts (after the announcement on Wednesday).
Bitcoin remains a valid long-term bet due to its scarcity and adoption. Stay strong and prepare with everything! 💪
