Odaily Planet Daily News Matrixport released today's chart saying that Bitcoin has fallen back to the breakout range of $106,000-108,000.

In our Target report, we shifted to a more conservative stance, noting that this correction may continue. Seasonal weakness has been evident since the end of July, and periodic pressure is accumulating.

With US employment data due to be released this week, Bitcoin is at a critical technical juncture. Further price declines might surprise most traders, but this risk cannot be ignored. Historically, interest rate cuts are often viewed as bullish for the crypto market, but they often come with setbacks.