Market Update - $BTC

The price of Bitcoin continues to decline on the four-hour timeframe, fluctuating between the monthly opening price and the weekly opening price. The conflict in the Middle East is still ongoing, and any escalation could lead to widespread selling in financial markets. We have so far seen a slight recovery at the support level of $104.1, as we regained trading above the monthly opening price.

I still expect a sharp decline from last week before we see a recovery. However, as always, risk management is the optimal solution in such circumstances.