Indicators:
• EMA (Exponential Moving Averages):
• The price is currently below EMA(7)
($95,500), indicating a bearish trend.
• EMA(25) ($91,500) - acts as support. A break of this level may confirm further decline.
• EMA (99) ($72,800) - indicates deeper long-term support.
• RSI (Relative Strength Index):
• RSI is in the range of 45-50, indicating weakening bulls, but the price is not yet in the oversold zone
(<30).
• If RSI falls below 40, it will be a signal for further sales.
• MACD:
• If the MACD histogram continues to decline below the zero mark, the bearish trend will strengthen.#btc $BTC $ETH $XRP