BTCUSD

Bitcoin started the week with a relatively calm tone, influenced by the holidays in traditional markets, while on Tuesday, strong consumer confidence data from the US led to mixed pricing on overall risk perception. The main focus for crypto assets will be the FOMC meeting minutes to be released this evening. The pivot level of 109233.04 remains significant for Bitcoin. Hawkish messages from the Fed minutes and the continuation of tight monetary policy expectations could create pressure on Bitcoin, triggering a movement towards support levels of 107788.96 (S1) and 105992.43 (S2). If the minutes contain a more dovish tone or if market risk appetite increases, resistance levels of 111029.57 (R1) and 112473.65 (R2) may come into play. The Core PCE data from the US to be released on Friday will also be monitored in terms of the overall outlook for risky assets.