Bitcoin is now falling below $102,800, a 1.10% drop for the day, and over the last 24 hours it has decreased by more than 1.02%.
The probability of reaching a new high before July is only 16%. The data shows a continuous decline in open interest contracts, with clear signs of liquidation exhaustion, indicating that the market is "eliminating longs chasing prices."
-If Bitcoin breaks the resistance level of 108 thousand USD, it is expected to enter the price discovery phase.
Analysts believe that if the Federal Reserve maintains stable interest rates, it could be a positive signal.
📢 Federal Reserve officials show polarized positions on the impact and urgency of cutting rates! They anticipate an economic slowdown and rising inflation, believing that tariffs would drive prices up.
Barkin of the FED stated this Friday 21/06, that the risk of inflation caused by tariffs should not be ignored, although there is no urgency to cut interest rates.
💡Remember: The market is vulnerable and moves according to economic and political expectations; consequently, investors shelter their assets to protect their money and obtain higher profits and/or avoid greater losses.
-We must wait for the definitive resolution, in the second instance, regarding the voting on the GENIUS Law and its regulation.
Crisis is synonymous with Opportunity; if you can invest, it might be a good time.