#MarketPullback — What happened to the market?

After several days of growth, the crypto market is showing a corrective pullback. BTC has bounced off the resistance zone ($103,200–$103,500) and is currently trading below the 99-day MA on the 15-minute chart. RSI indicates overbought conditions, and volumes are decreasing — these are classic signs of trend exhaustion.

BTC

104,896.7

+1.28%

Reasons for a possible pullback:

Profit-taking after the rally

Decreasing volumes at the highs

Expectations of news/data from the US macroeconomics

Correction is not a crash. The market is cooling down. Potential zone for a reload — $101,500–$102,000. If selling pressure increases — we will see a deeper retest.

Use the pullback as an entry point if the fundamentals have not changed.