$BTC is currently experiencing a downward trend due to a combination of macroeconomic and market-specific factors. Hawkish signals from the Federal Reserve, including potential interest rate hikes, are dampening investor sentiment toward risk assets like crypto. Additionally, profit-taking after recent rallies and reduced institutional inflows are contributing to selling pressure. Technical charts show BTC falling below key support levels, indicating weakening momentum. The lack of new catalysts and increasing regulatory scrutiny worldwide are also unsettling the market. Until confidence returns and BTC reclaims resistance levels, short-term bearish pressure is likely to persist, though long-term fundamentals remain intact for many investors.😎