Shibunacci

📉 Bitcoin Technical Analysis 📈 (Chart-Art)

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INDEX:BTCUSD   Bitcoin
🔼 Trend Indicators

The chart shows a downward trend with lower highs, suggesting a bearish sentiment.
📐 Support & Resistance

Clear resistance levels formed, indicating difficulty in price rising past certain points.
A support level seems to be tested; a break below could signal further declines.
📊 Volume Analysis

Spikes in volume accompany price drops, possibly a sign of strong selling pressure.
🔄 Fibonacci Retracement

Price nearing a key Fibonacci level, often a reversal zone.
💡 Candlestick Patterns

Recent candles lack significant wicks, showing decisive moves with little indecision.
⚖ Market Sentiment

#NFA

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