BTCUSD

The pivot level for Bitcoin is 107695.09, with resistances at 108667.45, 110584.46, and 112029.15, and supports at 105778.08, 104805.72, and 103361.04. Bitcoin, considered a risky asset, is directly affected by global risk perception and Fed policies. A movement below the 107695.09 pivot could increase selling pressure towards the 105778.08 support. While the Fed's overall tightening stance can be viewed as a negative factor for cryptocurrency markets, the resistances at 108667.45 and 110584.46 remain significant in upward movements. The deterioration of the medium-term uptrend indicates an increased likelihood of entering a correction.