$BTC

Market Update -

We have witnessed a sharp decline in the price of Bitcoin over the last day, with no clear price movement in either direction. The decrease in trading volume may be attributed to traders closely monitoring the Middle East conflict, waiting for any reports or escalations, which is true. We have some support at the $104.1 level, from which we have seen some bounces over the past two weeks, but if we close over four hours below this level, we may see a sharp decline to the lowest level recorded last week.

It is important to prioritize risk management, given the Middle East conflict, and we are anticipating later today a statement from the Federal Open Market Committee (FOMC), which usually causes significant volatility in the markets.