Bitcoin (BTC) is currently experiencing a correction phase following the formation of a Doji candlestick pattern, which often indicates market indecision. The price has declined by approximately 2% today, trading around $104,280, after reaching an all-time high of over $108,000 yesterday.

This adjustment comes as investors exercise caution ahead of the Federal Reserve's upcoming interest rate decision. The Federal Open Market Committee (FOMC) is expected to announce a 25 basis point rate cut, bringing the target range to 4.25%–4.5%, marking a total reduction of 100 basis points since September. However, the forthcoming "dot plot" may suggest fewer rate cuts in the coming year, indicating a more hawkish stance.

On Binance, the world's largest cryptocurrency exchange, BTC remains the most actively traded cryptocurrency. Given the current volatility, investors should closely monitor market developments and consider their trading decisions carefully.#btc $BTC