$BTC Currently, the chart shows a downward trend with indicators suggesting caution before making purchases. Observing the MACD and the RSI, both indicate selling pressure, especially in the 4-hour timeframe, with the price falling below the support level of 69,000 USDT.
Since the price still does not show clear signs of recovery or consolidation at a strong support level, it is wise to wait before making purchases. If the price continues to decline, it may look for lower support levels, possibly around 68,000 USDT or even 66,000 USDT in the event of a deeper pullback.
In conclusion, it is advisable to refrain from buying until the chart shows signs of reversal or a clearer consolidation at a support level. This would minimize the risk of entering a position at a time of high volatility and potential decline.