#CryptoMarketDip

1. General trend:

Current price: $94,681.22.

A sharp decline of -6.12% indicating strong selling pressure.

The price broke previous support levels and reached a 24-hour low of 94,578.57.

2. Technical indicators:

EMA (Exponential Moving Averages):

EMA(7) = 95,467.01 (Short-term).

EMA(25) = 95,831.08 (Medium-term).

EMA(99) = 97,234.42 (Long-term).

Current price is below all averages, indicating a continuation of the downtrend.

RSI (Relative Strength Index):

RSI(6) = 20.53 (Strong oversold).

A temporary bounce may occur if demand increases.

MACD (Momentum):

DIF = -247.02 and DEA = -209.96 with MACD = -37.06 indicating increasing bearish momentum.

3. Volumes:

Large volume on the decline confirms the current selling strength.

Conclusion:

Current trend: Bearish.

Recommendation: Be cautious about entering long trades before clear reversal signals appear. You can monitor potential support areas or wait for positive divergence signals in indicators.