$BTC

BTC Movement Today: Limited Decline Under Market Pressure

Today, the Bitcoin currency experienced a slight decline to a level close to $102,500, down approximately 1% over the past 24 hours.

What are the reasons?

The expiry of options contracts today (Triple Witching) caused high volatility and weak liquidity.

Global market sentiment is cautious due to expectations of a delay in the U.S. interest rate cut.

A technical failure to break through the resistance at $106,000 led to selling by short traders.

Summary: The market is in a wait-and-see mode, and Bitcoin is moving within a narrow range between $100,000 and $106,000.