📉#BTC Market Update：

• Fundamentals: Expectations for the Federal Reserve's interest rate cuts have cooled + Ancient whales sell 80,000 BTC, putting pressure on the market.

• Technical Analysis: Price has broken below the consolidation range, evolving into a typical ABC corrective wave structure, with the C wave target focusing on the 0.382 retracement level (around 113,000) for support.

• Strategy Suggestion: If there is a rebound to around 117,000, consider placing short positions to follow the trend.

⚠️ Pay attention to whether it stabilizes around 113,000, as this may determine the direction of the market.

📊 Detailed explanation in the chart👇

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