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Reasons for BTC decline

๐ŸŸก Bitcoin (BTC)

๐Ÿ“‰ Reasons for the decline

1. Natural correction after significant profits: the price fell from ~112,000 to ~102,600 dollars due to profit-taking.

2. Conflicting technical indicators: while the 200-day moving average continues to rise, the 50-day begins to tilt down on the 4-hour chart, signaling stabilization or correction.

3. Influence of macroeconomic factors: rising treasury yields and market sentiment have led some investors to retreat from high-risk assets.

๐Ÿ“Š Technical analysis based on Binance data

Current price: ~102,600 dollars (decline of ~2.5% in 24 hours)

Moving averages: MA200 is rising, MA50 is rising on the daily chart, but on some shorter time frames it begins to show a downward tilt.

RSI (daily): in the range of 30โ€“70, without clear overbought/oversold conditions.

Support levels: 101,900 / 100,300 / 99,400 dollars.

Resistance levels: 103,030 / 104,000 / 105,020 dollars.