$WBTC has seen a decline of 3.799% over the last 24 hours, indicating a bearish sentiment.
The 24-hour trading range of 0.0749 to 0.0702 suggests increased volatility.
Bollinger Bands show the upper band at 0.0736 and the lower at 0.0699, adding to the downside pressure.
With support at 0.0702 and resistance near 0.0745, traders should watch these levels closely.
The overall market trend remains a downward slope, influenced by broader macroeconomic factors such as inflation concerns.
Currently, Bitcoin's correlation appears undefined, making W's movements less predictable.
Given the volatility, a short-term trading approach may be more suitable.
A key takeaway is that traders should remain cautious, as external market conditions could exacerbate price fluctuations.
