$BTC The BTC/USDT chart indicates a **bearish trend** based on the following observations:

1. **Price Movement**:

- Current price: **$104,489.48**, down **-3.08%**.

- The price is below the 24h high (**$108,450.16**) and closer to the 24h low (**$102,664.31**), suggesting downward pressure.

2. **Technical Indicators**:

- **RSI(6)**: **15.52** (deeply oversold), which may signal a potential reversal or continuation of extreme selling.

- **MACD**: Negative values (**DIFF: -480.26**, **DEA: 164.35**, **MACD: -644.61**) confirm strong bearish momentum.

3. **Support/Resistance**:

- Immediate support near the 24h low (**$102,664.31**).

- Resistance levels at recent highs (e.g., **$110,530.17**).

4. **Volume**:

- High 24h trading volume (**2.76B USDT**) supports the trend’s validity.

**Short-Term Outlook**:

- **Bearish dominance**, but oversold RSI could lead to a minor bounce.

- Watch for a break below **$102,664.31** (extends downtrend) or recovery above **$105,732.00** (potential reversal signal).

**Action**: Caution advised for longs; consider short opportunities if bearish signals persist.