#btc $BTC For a more thorough analysis, we will consider each aspect in detail:

### Trend

- Short-term trend (30 minutes):

- MA(7) (yellow line): 69,423.29

- MA(25) (pink line): 69,647.23

- MA(99) (purple line): 70,139.42

The MA(7) line cuts below MA(25) and MA(99), showing a short-term downtrend. This is often a sign that prices may continue to decline in the near future.

### Mass

- Trading volume on the 30-minute chart increased sharply at large red candles, showing very strong selling pressure.

- The 24-hour trading volume is 26,608.03 BTC, which is a large volume, indicating high interest and trading activity in the market.

### Resistance and support

- Resist:

- The nearest resistance level is at 70,666.00 USDT, which is the closest peak the price reached before falling.

- Further resistance is at 70,757.20 USDT.

- Support:

- The nearest support level is at 68,842.19 USDT, which is the closest bottom the price has reached.

- If this level breaks, the next support could be at 68,750.99 USDT.

### Technical indicators

- MACD: (Not shown specifically on the image, but is an important indicator)

- If MACD is below the signal line and below the zero level, this confirms the downtrend.

- If MACD crosses above the signal line and approaches 0, a bullish reversal signal may appear.

- RSI: (Not shown specifically on the image, but is an important indicator)

- If RSI is below 30, the market may be oversold, and there may be a price recovery.

- If RSI is above 70, the market may be overbought, there may be a downward correction.

### Conjoint analysis

- Current situation:

- With the short-term downtrend confirmed by the MA lines crossing and high selling volume, the price may continue to decline.

- The nearest support level of 68,842.19 USDT is an important level. If the price breaks this level with heavy volume, the price could continue to decline towards the next support level.

- Trading plan:

- Enter a buy order: Consider when the price touches the support level and there are recovery signals from technical indicators such as MACD and RSI.

- Enter a sell order: When the price breaks the support level of 68,842.19 USDT with high volume and technical indicators confirm the downtrend.

### Conclude

The market is currently in a short-term downtrend with high selling volume. Support and resistance levels should be closely monitored. Using technical indicators such as MACD and RSI to confirm entry and exit points will help reduce trading risks.