@sejodmou
3.28| BTC retracement or change? Support test in progress⚠️
📍 Current trend
BTC has been unable to break through the 88200 pressure level for many consecutive days. The current trend has obviously weakened and entered the key support test stage.
🔍 Combined with the 1 hour + 15 minute chart
• MACD of both cycles has already formed a dead cross, indicating that the momentum has weakened
• Stoch RSI is also lying at a low level, and there is no sign of rebound for the time being
• The trading volume has not increased much, indicating that there is no panic yet, but no funds want to buy the bottom
🔍 About the 15-minute chart
• The K line has fallen below the lower edge of the recent consolidation, which is a short-term break
• The trading volume has increased slightly, and the bears may have taken the initiative to attack
• Stoch RSI fell into the oversold area, but has not formed a golden cross, so the rebound signal is not strong