CandlestickLittleExper

Short-term technical outlook is bearish, but it is approaching an important support level: currently, moving averages are in a bearish alignment, and the price is declining with increased volume, indicating strong short-term selling pressure. However, the 50-day exponential moving average (EMA) at $87,500 is a recognized mid-term critical level. Additionally, the Relative Strength Index (RSI) on the 1-hour and 4-hour charts has entered oversold territory, suggesting that after a continuous decline, the market has a technical rebound demand in the short term.
"Smart money" versus "panic selling