Key observations:

  1. Moving Averages (MA):

    • AND (7) - 56886.10

    • AND (25) - 56809.55

    • AND (99) - 60138.41
      Short-term moving averages also show a downward trend.

  2. Parabolic SAR:

    • SAR (0.02, 0.02) - 54714.12
      SAR is again above the price, confirming the bearish sentiment.

  3. Ichimoku:

    • Senku Span B Line (Kumo) - 56248.45
      The Ichimoku cloud remains below the price, which may indicate a temporary recovery.

  4. Trend lines:

    • Trend lines indicate the formation of a downward channel, which may continue to put pressure on the BTC price.

  5. Support and resistance zones:

    • Support: 53575.63

    • Resistance: 71882.64

      $BTC

Conclusion:

On the 4-hour timeframe, BTC is also showing signs of a bearish trend. However, short-term upward corrections are possible. Investors should consider this factor when planning their trading strategies.

Conclusion

The chart shows the continuation of the bearish trend for BTC. It is important to monitor support and resistance levels and use technical indicators to make informed trading decisions. 📉

Traders must remain vigilant and consider all possible scenarios for developments in the cryptocurrency market. 💹

Note: This analysis does not constitute financial advice. Always do your own research before making any transactions. 🧐

$SOL $ETH

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