(BTCUSDT) is experiencing some short-term bearish momentum. Here are some observations:

Moving Averages (MA):

MA(7) (yellow) is crossing below MA(25) (pink), suggesting short-term selling pressure.

Price is currently below all the moving averages shown, indicating weakness.

Price Action:

The price recently rejected around the $104,900 mark and is now moving downward.

It also broke below a support level near $103,565, which could act as resistance now.

Volume and Order Book:

The order book shows 80% buy pressure, but this isn't pushing the price up, which might indicate market makers or large sellers are absorbing the buys.

Trend Analysis:

The larger trend still seems bullish over 7, 30, and 180 days, but the short-term (today's and hourly) trend is bearish.

Prediction:

If BTC does not reclaim $103,565 and continues to close hourly candles below it, it could dip further towards $102,784 or even $101,400. However, if it bounces and reclaims $103,565 with volume, it may attempt another push up.

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