#Bitcoin

Bitcoin has been on a downtrend recently, reflecting the inherent volatility of cryptocurrencies. Declines can be driven by a variety of factors, including:

1. Macroeconomic factors: Changes in interest rates or central bank decisions that affect risk assets.

2. Regulations: News of potential restrictions or regulations in key markets (such as the US or Europe) often have a negative impact.

3. Market sentiment: Movements by large investors (whales) and overbought or oversold levels in technical analysis.

If you are considering trading, you might focus on key support and resistance levels to identify potential entry or exit points. You might also keep an eye on macroeconomic factors that affect overall investor sentiment in risk assets, as these elements are often key to price action.