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Now, the main reason for the decline in the price of BTC coin is the market's cautious attitude towards the Fed's future interest rate cuts, which has suppressed the demand for risky assets. At the same time, the rigidity of the BTC coin's chip structure may start price fluctuations in the short term. There are some bullish signals, such as BTC flowing out of centralized trading platforms. This overall market sentiment remains conservative and has failed to effectively support the price increase.