$BTC #BitcoinHitsBearMarketLow BTC/USDT, here is a technical analysis of the current chart:
📉 Overall Trend & Price Position
· Price: 64,635.5 USDT, down -10.55% in 24h.
· Price is below the Bollinger Middle Band (73,311.1) and hovering near the Lower Band (63,555.6), indicating short-term weakness.
· SAR (Stop and Reverse) is at 67,816.9, above the current price, confirming a bearish trend structure.
📊 Technical Indicators Breakdown
1. Bollinger Bands (20,2)
· Upper Band: 83,066.6
· Middle Band: 73,311.1
· Lower Band: 63,555.6
· Price is pressing against the Lower Band. A break below could