Market Downturn Analysis
Today, cryptocurrency markets witnessed a significant decline in the values of several major currencies. For example, the price of Bitcoin fell to around $101,365, indicating significant losses compared to previous days. 
This decline is attributed to several factors, most notably the US Federal Reserve’s decision to raise interest rates, which led to a decline in investors’ appetite for digital assets and an increase in the trend towards safer traditional assets. 
In addition, market indicators showed an increase in fear among investors, as the Fear and Greed Index for cryptocurrencies reflects a state of “extreme fear,” prompting many to sell their digital holdings to avoid further losses. 
Technically, analysts indicate that Bitcoin is currently moving in a stable ascending channel. If the current resistance level is broken, it may target levels near $105,000 - $107,000. However, if this range is not maintained, the price may drop to around $100,000 or lower. 
In light of these fluctuations, investors are advised to exercise caution and monitor economic and political developments affecting the financial markets, in addition to following technical analyses to determine appropriate entry and exit points.
