Why is the cryptocurrency market declining | Natural correction after overbuying

• The market is undergoing a correction after a strong upward wave, with a market value drop of 1.23%.

• Major currencies like XRP (-7%), BTC, and ETH have entered overbought territories according to the RSI indicator.

• The Relative Strength Index (RSI) for Bitcoin has dropped to 40, indicating a temporary halt in momentum.

• Investors have started taking profits, especially in altcoins.

• Despite the decline, support levels remain strong (between $110,000 and $106,000 for Bitcoin), keeping rebound opportunities alive.

• Weak economic data in the U.S. has raised expectations for an interest rate cut, which may boost the market later.