$BTC "Death Cross" — and here we see a similar picture again, which was observed in August '24 on the weekly timeframe. The EMA crossover on the daily timeframe occurred back in February.
What should be remembered about this cross? Before the actual crossover, there is usually a drop with a new low, followed by a rebound, and then the two lines intersect. After that, we look at other indicators — whether a new rally will begin or if the trend will change.
If we dive deeper into technical analysis, then:
Week: according to Bollinger Bands, we have been on the lower band for the third week, accumulating, and not breaking through;
MACD indicates at best a sideways movement with new lows, and at worst a bearish trend.
Day: according to Bollinger Bands, if we settle below 84.5k, we will go down to 79.9k.
MACD and RSI indicate the presence of buyers in this zone; to maintain bullish trends, we need to close above 86.2k.
