Technical Analysis of Bitcoin
Bitcoin is moving sideways on the 4-hour timeframe. Prices dropped after liquidity was swept above the 114,015 level, which represents an IFVG zone on the weekly chart. Prices also formed an IFVG zone on the 1-hour timeframe. Currently, Bitcoin is trading around 112,985, and further declines are expected throughout the day.

Key Economic News

Bitcoin is experiencing volatility as comments from Federal Reserve officials about interest rates impact risk appetite, while institutional investments continue to flow into Bitcoin funds, boosting confidence among major investors. On the other hand, tighter regulations on trading platforms in some countries are creating caution among retail traders, alongside the strength of the US dollar which is adding further pressure on cryptocurrency prices.

Liquidity Levels
Prices are expected to decline towards 111,611 and then 108,590.
 The bearish scenario will be invalidated if prices revisit the 114,860 level.