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Based on the chart you provided, the market appears to be bearish (downtrend):
1. **Current Price**: The price is currently around 54,208, which is significantly lower than the previous resistance level of approximately 65,000.
2. **Relative Strength Index (RSI)**: The RSI values are between 37 and 39, indicating selling pressure in the market. While the RSI is not yet in the oversold zone, it suggests that the market sentiment is leaning towards bearishness.
Overall, the trend suggests a continuation of the downtrend unless there is a strong reversal signal.
The chart for ETH/USDT also indicates a bearish (downtrend) movement:
1. **Current Price**: The price is at 2,277.99, which is lower than the previous resistance levels. This suggests that the asset is in a downtrend.
2. **RSI Values**: The RSI values are between 39 and 41, indicating a bearish sentiment, but itâs not in the oversold zone yet.
3. **Moving Averages (MA)**: The short-term moving average (MA5) is below the longer-term moving average (MA10), reinforcing the bearish trend.
Overall, the market appears to be bearish, with a potential continuation of the downward trend unless there is a significant change in market conditions.
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