#BTCBreaksATH ✅

🕯️ Candles$BTC

We noticed a strong drop from 119,488 with weak rebound attempts.

There are candles with long tails downwards (around 118,025), this indicates the presence of buyers but they are not strong enough yet to reverse the trend.

📉 Instant Trend

The instant trend is downward: each new peak is lower than the previous one, and each new trough is lower than the previous one (Lower Highs & Lower Lows).

This indicates the sellers' control over the instant market.

🟣 Technical Indicators

MACD

The fast line DIF is below the slow line DEA by a large margin (-55.95) = continuous selling momentum.

There has not yet been any attempt for a positive crossover (bullish crossover).

OBV

It has started to slow down a bit, but the trend is still downward → liquidity is more exiting than entering.