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On the daily chart, Bitcoin has struggled to break above the balance indicator line (red moving average), indicating that market participants are focused on selling. The Marlin oscillator continues to decline within bearish territory, reinforcing the downward trend.
On the four-hour chart, Bitcoin has broken below the MACD line and remains significantly under the balance line, confirming a short-term downtrend. The Marlin oscillator's signal line is also moving deeper into the bearish zone, suggesting that the downtrend may accelerate, with a target of $91,160 in the near term.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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On the 4-hour chart, the USD/CAD commodity currency pair can be seen moving below the EMA (100) and the appearance of a Bearish 123 pattern and the position
With the Stochastic Oscillator condition heading towards the Oversold level (20) on the 4-hour chart of the AUD/JPY cross currency pair, in the near future AUD/JPY has the potential
Early in the American session, gold is trading around 3,220, showing signs of exhaustion. A further technical correction toward the 21SMA is likely in the coming hours
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