$BTC BTC/USDT chart and indicators, Here is a technical analysis:
Overall Trend: Bearish
The price is in a clear short-term downtrend, having fallen over 3.4% from the 24-hour high. It is trading below key indicator lines, confirming selling pressure.
Key Indicator Analysis:
1. Bollinger Bands (20,2):
· The price (75,054.0) is trading at the Lower Band (LB: 74,693.6). This indicates the market is under significant selling pressure and is potentially oversold in the very short term.
· The middle band (BOLL: 75,330.0) and the Upper Band (UB: 75,966.5) are acting as immediate resistance le