$BTC Based on the provided chart with indicators, the following points can be highlighted for the BTCUSDT price movement forecast:
1. MACD:
• The indicator shows negative values, indicating a bearish sentiment. The histogram is decreasing, indicating growing weakness.
2. RSI (6, 12, 24):
• RSI values are below 50 and are in the oversold zone, especially RSI (6) — 24.1. This signals a possible upward bounce if bearish pressure weakens.
3. Stochastic RSI:
• The indicator is in the lower zone, which also confirms oversold conditions and the likelihood of a local increase.
4. MA (5 and 10):
• The moving averages are pointing downward, and the price is below both lines. This confirms the downward trend.
Forecast:
• In the short term, an attempt for a local upward bounce from the oversold zone can be expected.
• However, the overall trend remains downward. If the price consolidates below the current support level (94,039.7), a continuation of the decline is possible.
Recommendation:
• Monitor resistance levels (96,079.5) and support (94,039.7).
• To confirm a reversal, wait for a crossing of the MAs or a reversal of the indicators.