$BTC /USDT Technical Analysis: Post-Crash Bearish Signals & Oversold Warning 📉

1. 📉 Sharp Crash: A sudden and severe price drop occurred around Oct 10th.

2. 🐻 Strong Bearish Momentum: The price fell from its peak near $126k to the current level of $110,823.

3. 💥 Volume Spike: The massive drop was confirmed by a huge spike in selling volume (red bars).

4. 🩸 Broken Support: Price sliced through key support levels and the MA(7) and MA(99).

5. ❌ Moving Average Resistance: The MAs (e.g., MA(7) at $111,647) are now acting as immediate overhead resistance.

6. ⚠️ Oversold RSI: The short-term RSI (RSI(6) at 21.54) is deep into oversold territory (\lt 30).

7. 📈 Bounce Potential: The oversold RSI suggests a potential for a short-term relief bounce or retracement.

8. ⬇️ MACD Sell Signal: The MACD is clearly below the signal line and widening, indicating strong negative momentum.

9. 🎯 Next Key Support: The major psychological and technical level to watch is $102,000.

10. 🤕 Short-Term Pain: The technical structure is currently negative; sellers are in control.

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