#CryptoMarketPullback Bitcoin has recently experienced a sharp decline from the $84,700 area down to a local bottom of $75,678. Currently, the price is in a "dead cat bounce" or consolidation phase, struggling to break above the immediate EMA resistances.
Trend: Short-term Bearish. The price is trading below the long-term moving average (orange line).
MACD: Showing a slight bullish crossover in the oversold territory, suggesting a minor relief rally is possible before further downside.
Order Book: There is significant selling pressure (59.24% S) compared to buying interest (40.76% B), indicat