🚀 Bitcoin reaches a new all-time high surpassing $108K! However, an unexpected rate cut by the Federal Reserve triggered a correction, suggesting a possible retracement phase.

🔍 Technical analysis:

- BTC broke the $100K resistance strongly, but is now showing lateral movement.

- An ascending wedge pattern indicates a possible short-term reversal.

📈 On-chain analysis:

- Increase in the Binary CDD metric suggests selling pressure from long-term holders.

💬 What do you think about the future of BTC? Comment below!