#(Decline of 1.34% over the last 24 hours) .
- Market capitalization: $2.27 trillion, with a daily trading volume of $80.9 billion .
- Short-term trend: Dominance of a downward corrective wave, with the price trading below the 50-day simple moving average, indicating selling pressure .
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### 📉 Key Technical Indicators
1. Moving Averages:
- The price is trading below the SMA 50 (bearish signal), but it is trying to test this level as dynamic .
- Near resistance: $114,500, which previously formed a pivotal support that turned into resistance .
- Vital support: 112,000$ (current day low), followed by 108,956$ as an important psychological barrier .
2. Oscillators:
- Relative Strength Index (RSI): In neutral territory (neither overbought nor oversold), indicating the market is awaiting a new catalyst .
- Overall momentum: Mixed signals; some indicators show positive crossovers, while others indicate continued downward pressure .
3. Liquidity Structure:
- Demand Zones: Between $96,800–$97,300, which are potential price attraction areas in case of a deep drop .
- Pivot Points: According to TradingView analysis, the price is trying to stabilize above the Pivot Point at $113,200 .
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### 🌍 Influential Fundamental Factors
- U.S. Regulation:
- Release of the White House report (168 pages) classifying Bitcoin as a **commodity** under CFTC oversight, reinforcing long-term institutional legitimacy .
- Focus on protecting
