The current BTC daily chart shows that the price has fallen below the key MA50 and MA100 moving averages, indicating a weak short-term trend. The MACD indicator's fast and slow lines have formed a death cross below the zero axis, and the bearish momentum bars are still ongoing. The key support level below needs to focus on the previous low points area. If the RSI indicator enters the oversold zone (below 30) and divergence occurs, a technical rebound may be expected, but before that, the overall risk still outweighs the opportunity.
