OBV

🔔 Price of $BNB has decreased by -2.56% in the past 7d.
🔸 Summary:The price of BNB has decreased by 2.56% over the past week, currently standing at $687.80 after a 3.75% drop from its 7-day high of $714.60.

📈 Technicals:
The #MACD indicates a bullish trend with upward price momentum, while the #RSI shows a neutral but potentially bearish sentiment, the #OBV confirms bearish market sentiment with continued selling pressure, and the contracting Bollinger Bands suggest decreased volatility and a bearish trend with potential oversold conditions.

#bitcoin is still respecting the support level after a 16% drop from its all-time high.
The #RSI indicator has achieved its target by reaching the first bottom.
The #OBV indicator, which measures liquidity, remains at the support level.

The chart is clear: if it breaks above the rectangle above $108,000, it will achieve its target of $128,000.
If it breaks the rectangle downward, it will reach the corrective target of $77,000.

This year, Bitcoin has experienced three corrections, each around 30%. We might currently be in the midst of the first one (if) the rectangle is broken.

I am convinced that what is happening now is due to the dollar's reaction to #TRUMP 's decision, which is the primary reason in front of me. This will likely be met with a strong upward reaction, God willing, for the entire market.