Last week, the BTC/USD pair actively corrected downwards under the influence of monetary and political factors and tested 109375.00 (Murrey level [3/8]), but over the weekend it recovered some of the lost positions and is now approaching 112500.00 (Murrey level [4/8], Fibonacci retracement 23.6%); however, investors still fear that the US Federal Reserve may slow down or even refuse to continue the "dovish" cycle this year.