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A death cross has appeared on the three-day chart of Bitcoin, which is a technical signal indicating that the 50-period moving average has crossed below the 200-period moving average. Analyst Ali Charts pointed out that in cycles since 2014, such signals on the three-day timeframe typically signal the last significant decline before a macro bottom is formed. Currently, Bitcoin is trading around $68,755, and due to strong economic data weakening market expectations of a Federal Reserve rate cut, Bitcoin's price faces downward pressure.