$BTC
Consecutive red candles without clear correction
- MACD is very negative and expanding, indicating ongoing selling momentum
- EM (7, 25, 99) price is below all moving averages, showing a clear downward trend
In summary, there is strong selling pressure and the possibility of continued decline exists unless a reversal candle appears or RSI rises above at least 20
Watch the level of 117,000 as it is a potential support, and if broken, further decline is likely
This indicates further decline in alternative currencies that have already dropped 20% over the past 24 hours $SOL $XRP
