The #Bitcoin 15-minute chart illustrates bearish continuation with red candles dominating after rejection at 91,600, backed by a negative MACD at -31.5 and volume spikes on downsides, projecting further declines in the next 2-3 hours. Moving averages MA(5) at 222.24 and MA(10) at 197.71 are sloping downward, confirming the short-term downtrend from the 93,043 high amid increased selling pressure.
Based on current market sentiment and long/short ratios, there's approximately 60% possibility of bearish movement and 40% possibility of bullish movement in the short term.
