Bitcoin has shown a slight rebound, recovering from a recent dip to $103,000 as it approaches the midweek trading period. Despite this upward movement, the cryptocurrency remains largely range-bound, reflecting the overall market skepticism due to intensified trade discussions between the U.S. and China.

The backdrop continues to weigh on risk assets as uncertainty surrounding trade conditions lingers:

• Geopolitical Concerns: Ongoing tariffs and stalled negotiations create an environment of caution among investors.
• Market Sentiment: Crypto is particularly sensitive to sentiment shifts, which can catalyze price changes.

The current price range shows $103,000 to $112,000, but traders are now focusing on key developments that could lead to a new price breakout.