Bitcoin is currently showing short-term weakness with a price retreat to around $104,000, after hitting highs near $108,800. The drop is mostly driven by:

Geopolitical tensions (especially in the Middle East)

Profit-taking after recent highs

Bearish intraday technical signals

However, strong ETF inflows and institutional buying continue to provide support, preventing a deeper drop below key levels.

🔸 If BTC holds above $104k, it may stabilize and attempt another push higher.

🔸 If it breaks below $104k, a test of $100k is likely.

Overall outlook: Cautious consolidation, with bullish potential if external risks ease.

#FOMCMeeting #BTC