Bitcoin (BTC) operates lightly on Wednesday, being negotiated in the range of $ 96,210, after an attempted recovery. The market remains cautiously, reacting to the latest macroeconomic movements and expectations surrounding the monetary policy of the United States.

Eye market on Fed: High interest still weigh on Bitcoin

The recent federal reserve decision to maintain high interest rates to contain inflation continues to impact risk assets, including cryptocurrencies. In addition, the volume negotiated in recent days suggests that investors are not yet fully confident in a solid resumption of price.

Interest maintenance at high levels has encouraged greater capital allocation in traditional assets, reducing the liquidity available to the crypto market. Added to this, the market followed a way out of approximately $ 430 million Bitcoin’s institutional funds last week, reflecting a more defensive feeling from large investors.

This conjuncture has made a more expressive resumption of price difficult, which still finds important technical barriers before you can advance to new levels.

Support or resistance: Which side will you win?

In the 4 -hour chart, Bitcoin finds resistance in the region of $ 99,500, which has been an obstacle to continuing the upward movement. For the asset to advance, it will be necessary to break this track and consolidate a closure above it.

Otherwise, the market may remain lateralized or face new salesman pressure. On the opposite side, immediate support is located at $ 92,000, being an important point of defense to avoid more pronounced falls.

The relative force index (RSI) is currently at 44.44, indicating a neutral condition and no clear signs of overcomparance or overwheliness. The lack of expressive volume also reinforces the possibility of a consolidation movement before any new trend is defined.

Can Bitcoin gain strength or will continue to be locked?

Bitcoin movement will depend on how the market will absorb the impacts of monetary policies and new global liquidity dynamics. If the asset can break $ 99,500, there is a wider move towards the region of $ 100,000, bringing more optimism to investors.

However, if weakness persists, the $ 92,000 support test can generate a new volatility period. The next few days will be decisive to understand whether Bitcoin will be able to gain strength or remain stuck in a scenario of uncertainty and consolidation.