BTC/USDT

1. **Price Movement**:

- BTC/USDT is currently trading at 59,336.22, with a slight increase of +0.66%.

- There has been a noticeable downward movement from the recent high of 61,166.99.

2. **Moving Averages**:

- **MA (7)** (Yellow Line): 60,095.55 - This indicates the short-term trend, which is currently above the price, signaling a bearish trend in the short term.

- **MA (25)** (Pink Line): 60,479.05 - The price has also fallen below this medium-term average, reinforcing the bearish momentum.

- **MA (99)** (Purple Line): 59,631.21 - The price is hovering around this long-term average, which acts as a key support level. If BTC falls below this, it could indicate further downward movement.

3. **Volume**:

- The volume bars indicate higher selling pressure during the recent candles, which aligns with the downward price movement.

4. **MACD**:

- The MACD line is significantly below the signal line, with a MACD value of -169.20. This is a bearish signal, showing strong downward momentum.

5. **RSI (Relative Strength Index)**:

- The RSI values are extremely low, with RSI (6) at 16.65, RSI (12) at 28.07, and RSI (24) at 38.82. An RSI below 30 typically suggests that the asset is oversold, which could lead to a potential rebound, but it also reflects current bearish conditions.

6. **Support and Resistance**:

- **Support**: The current price level of 59,169.36 seems to be a support zone.

- **Resistance**: The previous highs near 61,166.99 and the moving averages above the price (60,095.55 and 60,479.05) will act as resistance if the price attempts to recover.

### Conclusion:

The chart is showing strong bearish signals with downward momentum. The oversold RSI levels suggest a potential for a relief rally, but caution is advised as the price is near key support levels. If BTC fails to hold above the MA (99) or the support at 59,169.36, it may continue to decline. However, a bounce from this area could trigger a short-term recovery.