Here is a quick update on Bitcoin (BTC/USDT) movement based on technical analysis:
1. The current trend is bearish (yellow dots above the candles confirm this).
2. The RSI is at 40.8, which means we are close to the oversold zone, which could indicate an imminent bullish bounce.
3. The Stochastic RSI is near lows, but we may see more downside before the bounce.
4. The 5-day moving average is below the 10-day, which indicates continued selling pressure.
5. The trading volume is low, which means the current movement lacks strong momentum.
What to do?
Watch the support level between 68,360 and 68,381 USDT.
If this level is broken, the decline may continue.
If the price rebounds with increased trading volume, we may see a bullish move.
Stay cautious and follow the market before making any decisions! 📉📈