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📉 Trend Summary

Overall Trend: Bearish to sideways

Short-Term Momentum: Weak upward correction within a broader bearish trend

Key Pattern on the Chart: Descending channel, suggesting persistent selling pressure

🧮 Support and Resistance

Immediate Resistance: 0.00001535 BTC – price is testing this level, acting as a local ceiling

Next Major Resistance: 0.00001570 BTC – area of strong sellers if bullish momentum continues

Key Support: 0.00001500 BTC – critical level to maintain for any recovery

Breakdown Support: 0.00001480 BTC – a breakdown here could trigger sharper losses

📊 Indicators

RSI (14): ~42 – slight bullish divergence developing, but still below 50 (bearish bias)

MACD: Bearish histogram tightening – potential for a crossover if buyers intervene

Bollinger Bands: Contracting, indicating incoming volatility; currently at the lower band (suggesting oversold conditions)

Volume: Low, showing indecision; confirmation of a breakout is needed