#bitcoin Technical Analysis:
MACD:
MACD: -80.56, The price is under downward pressure and is in a sell-off trend.
DIF: 94.32
DEA: 174.88
MACD is in the negative territory and is in a downtrend, so it is currently giving a bearish signal.
RSI:
RSI(6): 30.13
RSI(14): 45.59
RSI(6);
It is very close to the oversold territory, which indicates that the market may experience a recovery in the short term.
RSI(14),
It is in the middle levels, meaning the market direction is not clear.
OBV:
It is at -19,886.42 and has fallen into the negative territory, which indicates that the selling pressure is still ongoing.
Market trend:
In general, the downward trend shown by moving averages, MACD and OBV indicates a downtrend. However, since RSI values ââare approaching oversold levels, a bounce (short-term buying opportunity) may occur.
Result: The image that it can go both ways continues. The best trader knows very well that if you cannot win, you will not lose, first of all, you need to protect the safe. If there is, some profit can be taken and a watch-and-see policy can be made.
There is no problem technically, but if we look back at the fundamental analysis, the Israel-Lebanon tension may have a negative effect on the markets. Rising gold prices show that war preparations are continuing at full speed. Good luck to everyone.