#MarketPullback The cryptocurrency market is declining after a significant increase.
The short-term trend is down, with prices decreasing from recent highs. However, proximity to support levels ($94,000 and $93,514.10) and oversold indicators (lower Bollinger bands, RSI potentially below 30) suggest a possible reversal. Evidence leans towards a continued decline unless buying pressure increases, but a short-term recovery seems likely if the support levels hold.
Buy Signal: Look for a bullish reversal pattern (e.g., hammer, engulfing)