$BTC

Concise analysis of the BTC/USDT 4-hour chart based🔎

1. Price Action 📉

•Current Price: $95,600 (-5.92%)

•24h High/Low: $101,675 ↔ $95,250

•Observation: Strong downward pressure after touching the upper Bollinger Band.

2. Bollinger Bands 📊

•Upper Band (Resistance): $103,022

•Lower Band (Support): $94,966

•Middle Band: $98,844

•Insight: Price is near the lower band, indicating oversold conditions or further downside risk.

3. Moving Averages (MA) 📈

•MA (5): $4,485

•MA (10): $4,543

•Trend: Short-term bearish crossover hints at declining momentum.

4. Volume Analysis 🔊

•Recent Volatility: Significant volume spikes suggest active selling pressure. Weak bounce volume confirms lack of buyer support.

5. MACD 🌀

•Divergence: Negative MACD (-707.92), bearish crossover.

•Momentum: Strong selling momentum continues, with no signs of reversal.

6. KDJ Oscillator 📍

•K Value: 12.05

•D Value: 25.22

•J Value: -14.29

•Signal: Deeply oversold, but no confirmed bullish reversal yet.

7.Overall Sentiment 🚨

•Bearish Bias: Price breaking below key MAs and nearing Bollinger support, oversold oscillators provide slight hope for relief, but selling remains dominant.