🔍 Analysis Based on MACD Chart & Price Patterns
1. MACD (Moving Average Convergence Divergence)
The yellow line (MACD Line) is currently below the purple line (Signal Line), indicating a bearish trend.
If there is a crossover upwards (bullish crossover), this could signal a trend reversal upwards, which may bring the BTC price back up (green).
However, if the MACD fails to break through the Signal Line, it will reinforce the bearish trend, and there is potential for deeper corrections (as marked by the red arrows in the image).
2. Price Pattern
There is a descending triangle pattern (the orange line is descending and the blue line is horizontal), which is technically a bearish continuation pattern.
If the price breaks down from the blue support, it is very likely that the price will drop deeper (bearish confirmation).
However, if it successfully breaks out upwards from the orange trend line, then BTC has the potential to rise sharply (green arrow).
3. RSI (Relative Strength Index)
Currently, the RSI is around 45, which means neutral and tends to be weak. It has not yet entered the oversold area, but it is also not strong enough to rise significantly unless there is a buying volume push.
📉 Brief Conclusion
✅If MACD crossover ➜ potential bullish reversal.
✅If MACD remains below ➜ potential further correction (bearish continuation).
✅Strong support in the 115,000–116,000 zone; if broken, beware of sharp declines.
✅Breakout from the orange trendline could validate a reversal and a new uptrend.
