![IMG_20250203_082538.jpg](https://images.hive.blog/DQmfC2Xjx6UoPG6ECQmy4i4fh1PGZhVojXQgdUmaRkA1QEq/IMG_20250203_082538.jpg)


**Technical Analysis:**

1. **Trend and Price Movement**:  
   - Bitcoin (BTC) has fallen sharply to $96,928.27, registering a **-3.93% decline in 24 hours**.
   - The price broke below the **7 EMA ($98,603.34)**, **25 EMA ($101,036.26)**, and **99 EMA ($101,959.17)**, signaling a **strong bearish trend**.

2. **Support and Resistance**:  
   - The **24-hour low** is $96,060, indicating potential near-term support.  
   - The **24-hour high** of $101,456 shows strong resistance above.

3. **Volume Analysis**:  
   - High sell volume is evident, particularly in the last few 4-hour candles, reinforcing bearish momentum.

4. **RSI (Relative Strength Index)**:  
   - RSI at **14.50** is in the oversold region, suggesting the market is heavily dominated by sellers. A potential rebound may occur if buyers step in.

5. **Key Catalysts for the Decline**:  
   - Breaking below **psychological levels ($100,000)** triggered panic selling.  
   - Broader market sentiment or external macroeconomic factors could be driving selling pressure.  
   - High leverage liquidations may have accelerated the fall.

**Conclusion**:  
Bitcoin's rapid decline is driven by strong bearish momentum, breaking below critical support levels, with oversold RSI signaling possible near-term recovery. Tight risk management is crucial for traders in this volatile environment.