Market Update:

Bitcoin experienced a slight rejection overnight after hitting a new all-time high of $108k. The $103k level, which was the low on Monday, has acted as a solid support and has triggered a bounce. The demand zone highlighted yesterday (green box) is holding up well so far.

This is a critical level to watch closely, particularly for each 4-hour close. With the FOMC meeting scheduled for tonight, we could see some increased volatility, so it’s best to hold off on making any rushed decisions for now.