$BTC

Bitcoin is currently declining to the lower band of the Bollinger, which means strong selling pressure. At the same time, the MACD indicator is showing clear oversold conditions, and the last time it reached these levels was close to the market bottom. This helps us understand that the market is fatigued and fear is high. Typically, this type of area is suitable for accumulation and observation, and it precedes a rebound or stability, not a violent drop.