#CryptoRegulation

The BTC/USDT chart on the 8-hour timeframe shows a recent downward movement, with the price at $102,208.06, down 1.43%. The 9 EMA (green) has crossed below the 20 EMA (purple), indicating a potential bearish trend. The Relative Strength Index (RSI) is at 34.67, approaching oversold territory, which may signal a reversal or continued selling pressure. The price has dropped near a support level around $100,966. A break below this could lead to further downside toward $98,229. Traders should watch for volume confirmation and EMA behavior for short-term trend direction. Caution is advised due to the bearish indicators forming.