Since the high of the 3rd of November, the price seems to be trading inside a very aggressive bearish channel and has now found a support at 105,773, where it should be trapped between that support and 107 for a while. that the FED signaled a possible cooling of interest rates.
The status of the DXY index, inflation and interest rate increases significantly affect risky assets. As liquidity moves from risky assets to riskless assets such as US government bonds, this creates a bear market for risky investments.