$BTC Analysis of the price frame 1D & 3D and short-term trends!
1D FRAME:
*Breakthrough EMA50 - Identifying a downtrend
*MACD cuts negative, Histogram strongly decreases in red - No buying force, selling force is still strong
*RSI 33-40 is in the STRONG SELL zone, not yet in the oversold zone
*Basic EMA support points: 111.1 - 110.5
3D FRAME:
*Breaks MIDBOLL support - Downtrend in the MB-DN zone
*MACD similar to 1D
*RSI similar to 1D
*EMA50 support - 106.9
Overall summary:
*The current price range is extremely bad for BTC, no bottom fishing force, organizations have continuously sold off for the past 2-3 days.
*These issues stemmed from a single piece of news: PPI rose to 0.9 last Thursday leading to significant repercussions for cash flow and the FED's decision to cut interest rates in September.
Personal assessment - the price will continue to decrease towards major support points on the 3D and 1W frames! While it is not yet downtrend, recovery will take quite a long time and altcoins may not reach :))
***I will update the increase and decrease margins right after this post!