Cryptocurrencies Decline on Monday

Cryptocurrencies retreated on Monday in profit-taking.

After the recent rally at the end of last week, triggered by Powell's speech,

Bitcoin rose more than 4% and Ethereum rose about 15%.

The current correction is expected to continue, at least in the short term.

The cryptocurrency market has seen $200 billion in trading volume over the past 24 hours.

Bitcoin declined by approximately 0.75% today,

trading near the $110,600 level.

Ethereum declined by 2.9%, trading near the $4,517 level.

If Bitcoin continues to decline, we may see a decline

near the following demand zones, which are considered important buying areas.

These zones are located approximately near the 110,400 level.

As for Ethereum, if the current decline continues,

we may see a decline to approximately 4,000, 

which are considered important psychological and support levels for the currency,

 and we may see a return to the upside from there.