BTCUSD

Bitcoin is a risky asset that is not negatively affected by the Fed's wait-and-see policy. The pivot level is around 117116.25. Important support levels are at 115470.26, 114072.85, and 111029.45. If the 115470.26 support is broken, selling pressure may increase. The cryptocurrency market may remain under pressure due to concerns that liquidity conditions will remain tight if interest rate cuts are postponed. On the other hand, global economic uncertainties and geopolitical tensions suggest that volatility in Bitcoin and cryptocurrencies may increase.