#ShareYourTrades $BTC
🎢Bitcoin dropped $103,500 as traders cut risk ahead of tomorrow’s FOMC decision.
Technical data points to a Bitcoin price bounce between $102,000 and $104,000.
Onchain data shows mid-term holders realizing significant profits over the past month.
BTC price slipped to $103,300 after traders started cutting risk ahead of the upcoming Federal Open Market Committee (FOMC) meet and the following interest rate decision which will be made public on Wednesday. The correction follows a bearish weekly candle close, suggesting a trend reversal, while geopolitical tensions — particularly the Israel-Iran conflict — add to the risk-off sentiment.
