The analysis of #bitcoin shows short-term bearish pressure, confirmed by several indicators. $BTC
Current Price: $86,170.68.
General Situation: Downward pressure after failing to maintain the $90,000 level.
Key Points (Bearish Signals):
EMA (20) crossing below EMA (50). This is a signal of a short-term trend change.
MACD (DIF and DEA): Both lines are in negative territory and the MACD is -285.47, indicating strong bearish momentum.
RSI (6): With a value of 18.88, the RSI is in extreme oversold territory. This could indicate an imminent bounce, but for now the trend is weak.
24h Low: A low of 85,146.64 has been reached.
"While the asset with a Target of 0.00417 shows an ideal technical setup for a BUY (Confirmed Bullish Flag), BTC is in a strong correction phase, with indicators in extreme oversold territory (RSI 18.88). Stay alert for a possible bounce of $BTC in the coming days, but for now, the pressure is bearish.
If you are a long-term investor, you might consider starting to accumulate (BUY) due to the oversold conditions. If you are a trader, wait for a confirmation of a bounce (such as the RSI coming out of oversold or a trend change on the 1h/4h chart) before entering.!! $BTC
