Bitcoin Loses Its Footing

🟡Analysts at Matrix on Target had warned of an impending correction, and their concerns are beginning to materialize: the crypto market is losing structure, trading volumes are declining, and Bitcoin is approaching the key $112,000 support level. A breakdown of this level could push the price toward $106,000, especially amid persistent macroeconomic uncertainty in the U.S.
🟡Stock market and manufacturing data remain weak, the Federal Reserve is delaying rate cuts, and investors are holding back while waiting for new catalysts. BTC currently appears oversold, but without strong stimuli, the market is unlikely to stage a sustainable recovery.