BTCUSD

Bitcoin is awaiting a change in global risk sentiment just below the pivot level of 115679.33. As the leading cryptocurrency typically moves in parallel with risky assets like Nasdaq, the Fed's decision on Wednesday will be the most critical development. The Fed's dovish steps and supportive messages to the markets could redirect investors towards risky assets and allow Bitcoin to target resistance levels of 116259.15 and 116697.83. Conversely, a hawkish surprise from the Fed could lead to a flight to safety, creating selling pressure on Bitcoin and pulling prices back towards support levels of 115240.65 and 114660.83.