$BTC

Trend: Strong recent downtrend from ~124,539 to ~117,353, with a small bounce now around 118,081.

Bollinger Bands: Price touched the lower band at the low (117,353), which often signals short-term oversold conditions. Now it’s moving slightly upward toward the mid-band but still under it, meaning the downtrend is not broken yet.

Volume: A spike occurred during the drop, showing strong selling pressure; current candles have lower volume.

Order Book: 68% buying vs. 32% selling — suggests buyers are currently more active, but that alone isn’t enough to confirm reversal.

Short-term outlook: It may attempt a small recovery toward 118.5k–119k, but unless it breaks above the mid-Bollinger (~121,277) with strong volume, the broader short-term bias remains downward.