Based on the 15-minute BTCUSDT chart and general technical analysis principles:
Immediate Bearish Signal (Short-term):
The chart shows the current price (121,254.5) is below the short-term moving averages (MA(7) at 121,233.7 and MA(25) at 121,347.8), and the MA(7) is also below the MA(25). This configuration, especially with the price below the short-term MAs, is typically a bearish signal, suggesting a likely continuation of the recent downward pressure.
Recent Movement:
The chart shows a strong red (selling) candlestick around 15:00, pushing the price down from above the moving averages, followed by consolidation below the MAs.
Outlook:
Expect near-term movement to test the immediate low (around 121,163.2) or continue consolidating slightly below the MAs. A break above the MA(7) and MA(25) would be needed to turn the short-term outlook bullish.
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