#Bitcoin technical analysis;

Technical Indicators;

MACD: -455.47 (Downtrend)

RSI(6): 29.83 (in oversold zone)

RSI(14): 32.01 (in oversold zone)

Price Action and EMA: The price is observed to be below the short-term moving averages (EMA), indicating a short-term bearish trend.

MACD: The MACD indicator is in negative values, which indicates that the market is in a downtrend.

RSI: RSI indicators are below 30, which indicates that it is in the oversold zone and could be a potential recovery signal.

Trading Volume: Trading volume is quite high, indicating that there is significant interest and volatility in the market.

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