$BTC

Overall, the current technical indicators and price action support a bearish view. To confirm the market trend, we can focus on the next price changes and whether the key support level (56,500 USDT) can be maintained. If the price continues to fall and breaks below the support level, the bearish trend may be further strengthened.

Price decline: The current price is 56,948.2 USDT, which is a decrease of 1,244.20 USDT (-2.14%) from the previous price.

MACD: The MACD indicator shows a negative value (-0.679) and the MACD line is below the signal line, which is generally considered a bearish signal.

RSI: The RSI values ​​are 33.86 (6) and 45.21 (12). Although the RSI does not show extreme overbought or oversold conditions, the low values ​​indicate strong sellers.

Bollinger Bands: The price is below the middle band of the Bollinger Bands and close to the lower band, indicating that the price may fall further.

Moving Averages: Both the short term EMA (7) and medium term EMA (25) are above the price, showing that the price is under pressure in the short and medium term.