#MarketPullback The cryptocurrency market is declining after a significant rise.

The short-term trend is bearish, with prices dropping from recent highs. However, proximity to support levels ($94,000 and $93,514.10) and oversold indicators (lower Bollinger Bands, RSI potentially below 30) suggest a possible reversal. The evidence leans towards a continuation of the decline unless buying pressure increases, but a short-term rebound seems likely if the support holds.

Buy Signal: Look for a bullish reversal pattern (e.g., hammer, engulfing) near support levels ($94,000 or $93,500). A breakout above the purple moving average (around $94,500) with higher volume would be a strong confirmation. RSI showing divergence or bouncing from oversold levels could also signal a buy.

Sell Signal: For short-term trades, wait for a breakdown below $93,500 with strong selling volume and confirmation from indicators like MACD indicating increasing bearish momentum. However, with oversold conditions, short-term trades carry a higher risk of reversal.