#PCEInflationWatch : Key Levels for Bitcoin

Bitcoin has reached $102K, testing a significant resistance level. If it fails to stay above $100K and falls below, the bearish momentum could take it to $90K. Historical data supports this possibility, as previous declines from psychological levels have led to significant corrections. Traders should closely monitor market sentiment and volume. A strong bounce from $100K could indicate renewed bullish strength, while a decisive drop may trigger increased selling pressure. As macroeconomic factors, including inflation data, influence risk assets, being attentive to upcoming PCE inflation reports is crucial for market direction. Risk management remains key in volatile conditions.