$BTC The crypto market experienced sharp fluctuations today, as the price of Bitcoin broke the important psychological support level at 100,000 dollars, and this is a summary of the situation:
1. Fundamental reasons (news):
A warning report from Morgan Stanley indicates that Bitcoin has entered a historic "Autumn Season," suggesting a potential period of weakness.
The market interpreted this report as a signal for profit-taking, which increased selling pressure.
This comes with a general slowdown in the pace of corporate and institutional purchases compared to previous months.
2. Technical Analysis (What the chart says):
Support break: Breaking the $100,000 level triggered stop-loss orders and increased selling.
RSI Indicator: Shows a clear "oversold" condition (below 30), indicating strong downward momentum.
MACD Indicator: Confirms the current selling momentum and downward trend.
Moving Averages (EMAs): The price is currently trading below the 7, 25, and 99 averages, confirming sellers' dominance.
Summary:
The current decline is a mix of selling pressure resulting from bank reports (profit-taking) and a technical break of an important psychological support level.
What do you think? Do you believe this is a healthy correction or the beginning of a deeper downward trend? Share your thoughts in the comments! 👇
#بيتكوين #BTC #تحليل_العملات_الرقمية #Binance #تداول
Disclaimer: This analysis is for informational purposes only and does not constitute financial or investment advice. Always do your own research (DYOR) before making any trading decisions.
