$BTC $ETH $NEWT
🔍 Quick Technical Analysis:
🔻 Current Situation:
Current Price: 0.4317 USDT
24-Hour Decline: -16.74%
24-Hour High Price: 0.5773
24-Hour Low Price: 0.3920
Very High Trading Volume: 218 million NEWT
📉 Candlestick Pattern:
There is a sharp decline after a very strong rise (a long green candle followed by consecutive red candles).
A pattern known as "Pump & Dump" has formed.
The short-term trend line (MA7) is sloping downwards, indicating continued selling pressure.
📊 Technical Analysis:
Short-Term Overall Trend: Bearish
There is no clear signal for a reversal to the upside yet because:
A strong reversal candle (like a green engulfing candle) has not formed.
Trading volume is continuously decreasing.
Moving averages do not indicate any strong technical support at this moment.
