---$BTC
✅ Initial advice before analysis:
> If you are trading manually, always stay with the overall trend, and don't risk a large amount in a downtrend.
Illustrative image
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🔍 Analysis of the indicators and data in the image (in order):
1. Current Price (BTC/USDT)
Price: 107,830 dollars
Change: -1.47% (drop)
2. Candlestick Patterns
It is clear that there is a strong downward trend in the last candles.
The red candles are numerous and consecutive, indicating selling and negative pressure.
A new low has been broken (below approximately 107,320).
3. SAR Indicator (yellow dots above the candles)
All dots above the candles = bearish signal.
No point has appeared yet below the candle, which means there is still no upward reversal.
4. RSI Indicator (buying and selling strength)
RSI = 31.73
Very close to the oversold area (30), which means we might see a temporary rebound, but it's not certain.
5. Moving Averages MA (5 and 10)
MA5 = 2860
MA10 = 2313
> It is clear that the averages are very far from the current price, indicating strong and sudden decline.
6. Trading Volumes (Volume)
There is an increase in trading volume during the decline, which confirms that the drop is not weak, but rather supported by massive selling.
7. MACD Indicator
DIF: 627.84
DEA: 932.01
MACD: -304.18
> When MACD is negative and increasing in the negative, this confirms that the trend is still strongly negative.
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📊 Summary in order:
1. The market is clearly down.
2. All indicators support the decline.
3. A slight rebound might happen soon (RSI is close to 30).
4. But there is still no confirmation of a reversal or real rise.
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🧠 A final tip for you, dear trader:
> If you are currently in the trade, it is better to have your stop loss close, or exit with a small loss before the market drops further.
And if you haven't entered yet, wait a bit and see if a real reversal happens or not (like a bullish MACD crossover or RSI rising above 40).
Trade on $BTC