📉 Overview: The market is under pressure now

The cryptocurrency market is experiencing a sharp correction amid strong selling pressure, with notable losses in Bitcoin and Ethereum over the last 24-48 hours due to forced liquidations and the closing of leveraged positions, leading to a general market decline and a loss of about 592 million dollars in market value. #ETHBreaksATH $BTC

This correction came after a period of sideways trading and a decline in momentum, especially with the holiday season approaching, where liquidity decreases and institutional interest temporarily wanes.

🔥 Bitcoin (BTC): The volatile leader

🔹 BTC remains in the spotlight, but it is retreating below the $90,000 level after a widespread sell-off.

🔹 The daily chart shows a clear bearish pressure with the possibility of testing important support levels nearby.

🔹 Nevertheless, there is a long history of strong recovery movements in December, which gives some optimism to medium-term investors.

📌 Key message: The market may be in a correction phase before regaining an upward trend if positive catalysts such as supportive economic reports or an increase in institutional demand emerge.