Market Update:

Bitcoin continues its correction, down 8% from the highs seen on Monday. The key support level at $96.5k (4hr EMA200) was unable to hold, and price has now settled below this level. If the decline persists, the next potential support to monitor is $93.5k (Monthly Open), which could provide a reaction. For confirmation of a reversal, we are looking for Bitcoin to reclaim $97.8k (Monday's Low).