$BTC /USDT Daily Update
BTC is currently trading at 61,164 USDT with a volume of 26,718 BTC. The market shows moderate volatility with an ATR of 2,198 USDT. The RSI at 44.25 suggests neutral momentum, while the MFI at 57.77 points to moderate inflows.
However, the CCI at -178.40 indicates oversold conditions. The Bollinger Bands are within the normal range, indicating limited price expansion. The price remains below the 50-day SMA, and the Momentum (MOM) indicator is below zero, signaling bearish sentiment.
In addition, the MACD is in a bearish crossover mode, while the ADX shows a weak bearish bias. Both the Parabolic SAR and TD Sequential confirm bearish pressure with a “3 Down” signal.
