There's a clear uptick in trading volume during the dip.
Increased volume with red candlesticks means sellers are dominating the market.
In summary,
Current trend: Bearish.
There's no strong reversal signal in sight.
The $60,000 level is the key level to watch.
If the price holds above it, a temporary bounce could happen.
If it gets broken decisively, the downtrend may continue.
Increased volume with red candlesticks means sellers are dominating the market.
In summary,
Current trend: Bearish.
There's no strong reversal signal in sight.
The $60,000 level is the key level to watch.
If the price holds above it, a temporary bounce could happen.
If it gets broken decisively, the downtrend may continue.