Here's an analysis:
1. Price Action:
The price is currently below the EMA(5), EMA(10), and EMA(30), suggesting bearish momentum in the short term.
2. Volume:
A recent increase in sell volume indicates strong selling pressure.
3. Long/Short Ratios:
The aggregated long/short ratio (0.9671) indicates more shorts than longs among takers, which could suggest bearish sentiment.
However, the top trader long/short ratio (1.729) and longs vs shorts accounts (1.442) suggest that top traders and more accounts are net long, possibly anticipating a bounce.
Likely Outcome:
Downward Bias: The current price trend and volume suggest the possibility of a further drop in the short term unless there is significant buying support.
Monitor key support levels around $94,265 (24h low) and $92,873 (EMA(30)) to assess if a bounce occurs.