Bitcoin (BTC), the king of crypto, has once again recorded significant weakness with a decline of 2.58% in the last 24 hours. BTC price fell below the psychological level of 108,000 USDT, creating concerns among investors and traders who are starting to wonder: “Is this just a healthy correction, or a signal of continued bearish trend?”

📊 Analysis of the Decline: Where Is the Lowest Level?

Based on 4-hour and daily chart data, here is the analysis of BTC movement:

  • The daily low was recorded around 107,120 USDT.

  • Price rejection occurred when approaching the dynamic support of EMA 100 on the 4-hour timeframe.

  • Sell volume sharply increased during the Asian morning session, indicating pressure from whales or large institutions.

  • The RSI indicator is starting to enter the oversold zone (below 35), which could indicate a potential short-term bounce.

What Is Causing This Decline?

  1. Regulatory Uncertainty in the US and Europe

    Several reports indicate that the SEC and European regulators are tightening supervision of DeFi institutions and stablecoins, creating negative sentiment in the market.

  2. US Dollar Strengthens

    The strengthening of the dollar index (DXY) puts pressure on risk assets like crypto as investors tend to switch to safe haven instruments.

  3. Long Position Liquidation

    In the last 24 hours, over $180 million in long positions were liquidated, exacerbating the price decline.

Conclusion: Healthy Correction or Early Bearish?

Although BTC's decline below 108,000 USDT is quite sharp, many analysts view this as a healthy correction in the medium-term uptrend, not the start of a long-term bearish trend.

However, if BTC breaks the strong support in the range of 106,800 - 107,000 USDT, it is highly likely to test the psychological area at 105,000 USDT. Traders are advised to set risk management and wait for confirmation of reversal signals before taking new positions.

#BTCPriceUpdate