🚨 *Red September Alert* 📊

*Bitcoin's Critical Moment* 🤔

- Bitcoin is trading around $109,195.39, with a current decline of 0.49% from yesterday.

- Historically, September has been a weak month for Bitcoin, with an average decline of 3.77% since 2013.

*Will Red September Repeat Itself?* 🔮

- Analysts predict a potential drop to $100K-$101K, with some projections seeing a deeper correction to mid-$90Ks.

- However, others believe Bitcoin could break the pattern, citing factors like ¹ ²:

- *Federal Reserve Rate Cuts*: Providing liquidity and boosting investor confidence.

- *Institutional Adoption*: Continuing despite ETF outflows.

- *Technical Rebound*: Potential recovery from oversold conditions.

*Key Support Levels* 📈

- $104,000 (200-day moving average)

- $100,000 (psychological level with significant buy orders)

- $107,500 (recently broken support level)

*What's Next?* 🔍

- Monitor Bitcoin's price action and support levels.

- Keep an eye on market sentiment and potential catalysts for a September rally.

- Stay informed to make smart investment decisions.#RedSeptember #NewHighOfProfitableBTCWallets $RED