$BTC

The BTC/USDT price chart on the 4-hour timeframe shows a clear bearish trend in the short term. After a period of fluctuating around the 104,000 USDT level, the BTC price has sharply dropped to a low of 102,536 USDT in the past 24 hours, currently trading at 102,729.1 USDT, down 0.75%. Although the daily index is nearly flat, the long red candle series along with high trading volume (126,075 BTC) indicates that selling pressure is dominant.

Moreover, the large red candle on the 15th reflects panic or widespread selling from investors. The weak recovery attempt with a small green candle ultimately shows that buyers are still cautious, and the bearish trend has not been broken yet.

The price drop of BTC has led to the weakening of many key altcoins such as ETH, BNB, SOL… due to the close correlation with the leading cryptocurrency. When BTC falls, market sentiment turns negative, and investors tend to shift assets to USDT or stablecoins for safety. This is also reflected in the strong increase in USDT trading volume (13.04 billion).

The reasons for the price drop may stem from factors such as:

• Profit-taking pressure after a strong increase over the past 30 days (BTC up 21.86% in 30 days).

• Concerns about the Fed's interest rate policy or new regulatory measures in the cryptocurrency sector.

• Market sentiment is shifting to a cautious state, reflected by decreasing volatility.

In summary, BTC is in a short-term correction trend. Investors should closely monitor support levels (around 102,000 USDT) and wait for confirmation signals of recovery before entering new orders.