The current reasons for the decline are unclear. It is uncertain whether it is due to the rumored activation of the 'ancient' address or related to trade agreements.
From the market perspective, the decline in the past hour has been too rapid, triggering a divergence in the short-term range and RSI signals, indicating potential signs of a rebound in the short term.
Be aware that if the rebound does not break through 108,600, it should be considered weak, and a choppy decline may continue throughout the weekend, with key support around 106,000.
As always, this week involves three days of a short holiday, and liquidity will become even lower by Sunday. Strictly speaking, in the next two days, low liquidity may lead to sudden increases in price volatility, so be cautious of the risks!