$BTC

Price is clearly in a downtrend, with successive lower highs and lower lows.

The current price is 107,216.5, testing a recent local low of 107,173.8.

Resistance is sitting near the 25-period MA (~107,640), and even more above near the 99-period MA (~108,625).

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🔀 Indicators Analysis

📊 Moving Averages:

MA(7), MA(25), and MA(99) are all sloping downward, confirming strong short-term bearish momentum.

Price is trading below all three MAs, which supports the bearish bias.