$BTC 40.03 RSI is below 50 and weak. However, as it approaches the 30 level, it is approaching the oversold zone. Possible reaction purchases may be seen.
MACD is in the negative zone and below the signal line. Selling pressure continues. Positive discordance is not yet observed.
The Stochastic RSI is near the oversold zone. Short-term reaction purchases may come.
There is a decrease in volume. Decreasing volume in a downtrend indicates that sales may weaken.
A serious recovery may be difficult without increasing volume in the buying direction.
The downtrend continues.
Supports: 90,000 USD, 70,220 USD, 52,550 USD
Resistances: 96,143 USD, 108,353 USD
Potential Scenarios:
Upward: If it holds support at 90,000, there may be a short-term recovery. Levels 96,143 and 108,353 may act as resistance.
Since RSI and Stochastic RSI are oversold, short-term reaction purchases may come. However, MACD is still in negative signal.
Transactions should be made by paying attention to risk management and position size. Downward pressure may continue until further confirmation signals arrive. NOT INVESTMENT ADVICE #USJoblessClaimsDrop #BTC🔥🔥🔥🔥🔥 #bitcoin $BTC