emains in a clear downtrend structure, trading below all major moving averages. Although there was a minor relief bounce, Stochastic RSI is deeply overbought at 90.95 / 80.52, signaling exhaustion. Price is now rejecting and turning lower again.
Sellers are regaining control. High probability of continued downside.
Price remains locked in a clear downtrend with consistent lower highs and lower lows. It has broken below MA7 and MA30 and is trading well under all major moving averages. RSI is deeply oversold at 21.75, but the overall structure stays very weak.
Sellers are fully in control. High probability of further downside continuation.
Price remains in a long-term downtrend, trading below the MA180. Although it has shown some short-term stabilization, Stochastic RSI is extremely overbought at 98.26 / 99.09, signaling strong reversal risk.
Sellers are likely to regain control soon. High probability of a fresh leg down from current levels.
๐ฅ $BSB โ BEARISH CONTINUATION AFTER HEAVY SELL-OFF
๐ด SHORT $BSB Setup
Entry: 0.4260 Take Profit: 0.40000 โ 0.38000 Stop Loss: 0.44500
Price has been in a clear downtrend with multiple lower highs and lower lows. After a sharp sell-off, it is now consolidating but remains under heavy pressure below the moving averages. RSI at 32.75 is oversold, but the overall structure stays weak.
Sellers are still dominant. High probability of further downside if the consolidation breaks lower.
Bitcoin is heading toward $200K. Entry: Buy according to the chart! The $60Kโ$55K zone is a good accumulation area. Wishing you success. #cryptocurrency #crypto #bitcoin