BTC is in a textbook "bearish trend" right now-short-term and daily charts both confirm this. Sellers have taken control, as shown by the emptying out of moving averages and expanding daily losses. High volume during the drop signals panicked selling, which often coincides with oversold conditions (supported by RSI around 31.5).
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BTC is in a textbook "bearish trend" right now-short-term and daily charts both confirm this. Sellers have taken control, as shown by the emptying out of moving averages and expanding daily losses. High volume during the drop signals panicked selling, which often coincides with oversold conditions (supported by RSI around 31.5).
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