*Bitcoin's Downfall: Understanding the Decline*

Bitcoin's recent decline can be attributed to economic data shockwaves, liquidations, and bearish technical patterns. The cryptocurrency market is highly volatile, and investors should be cautious.

*Key Factors:*

1. Economic data suggesting slower rate cuts by the Federal Reserve.

2. Liquidations worth $331 million in the crypto market.

3. Bearish technical patterns, including a breach of support at $97,204.

*Current Market:*

1. Support at $92,500 and resistance at $96,080.

2. RSI indicates oversold conditions, potentially leading to a short-term rebound.

*Long-Term Outlook:*

Bitcoin's fundamentals remain strong, with a $1.87 trillion market cap and limited supply. Investors should monitor demand levels and adjust strategies accordingly.

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