$BTC #BuyTheDipOrWaitNow? here is a technical analysis of the BTC/USDT chart:
1. Overall Trend & Price Action:
· Strong Downtrend (Short-Term): The price is currently at $67,320.3**, representing a significant drop of **-7.99%**. It is trading near the **24-hour low ($66,687.6) and well below the 24-hour high ($74,139.1). This indicates strong selling pressure in the last 24 hours.
· Key Level: The current price is sitting just above the critical 24h Low and the Lower Bollinger Band (LB: $66,552.1). Holding above this zone is crucial to prevent a further breakdown.
2. Technical Indicators:
·