$BTC Technical Analysis:
1. General Trend:
The trend in the visible time frame (usually 1 hour or 4 hours) clearly appears to be downward, as:
The price is steadily moving downwards.
Consecutive red candles have formed.
There was a sharp decline to 107,320 before a slight rebound.
2. Technical Indicators Used:
SAR (Stop and Reverse Indicator):
Yellow dots above the candles, indicating the continuation of the downward trend.
The current SAR is at 108,602.53, above the current price.
Moving Averages MA (5 and 10):
The MA(5) line is above the MA(10), but both are above the current price, reinforcing the negative outlook.
There has been a previous bearish crossover indicating a negative change in momentum.
Volume:
A clear increase in trading volume during the decline indicates strong selling pressure.
Conclusion:
🔻 Current Trend: Bearish in the short term
📉 Momentum: Negative with an increase in trading volume during the decline
📊 Recommendation (Technical Analysis Only):
Not suitable for buying at the moment unless confirmed reversal signals appear.
It may be appropriate to wait or sell/reduce risk until the price stabilizes or returns above the 108,600 level.