$BTC

Current technical signal:

1. Current price: ~115,588 USDT, down -2.34%

2. EMA(7) < EMA(25): The short-term moving average has crossed below the mid-term moving average → short-term bearish signal.

3. MACD: -717, the histogram is expanding into the negative zone → momentum is leaning more towards sellers.

4. RSI(6): 29.79 → in the oversold zone → a short-term technical bounce may occur.

5. Trading volume (Vol): not too volatile but gradually decreasing → there is no large capital supporting the price.

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📉 Is there a possibility of further price decline?

YES, but pay attention:

• If BTC breaks below EMA(99) at around ~107,773 USDT, there is a high probability that the price will test the strong support zone around 105,000 – 104,500 USDT.

• If it holds the range of 114,300 – 114,500 USDT, a short-term bounce may occur, but the overall trend is still weakening.

🛝🛝🛝 According to #chatgtp , it may drop further. Hopefully, so that the community can accumulate some before it rises again.