#BTC

if you like the way I describe the situation, I will be grateful for your reactions!
BTC: Market Analysis

The decline in the price of BTC has slowed down, but the downward trend is still intact.

Positive signals:

1) On the daily chart (1D) formed a pin bar, which may indicate a reversal. 👍
2) Reaction to the second daily imbalance overlap is observed.
3) The price bounced off the 50% futures gap.

Negative signals:

1) The descending channel is broken, but the buying volumes are insufficient. 🤔 There is no strong buying pressure yet.
2) Exhaustion of sellers is visible, but this does not guarantee a strong reversal.

❓ Development Scenarios:

1) Possibly, the price will consolidate sideways in the near future.
2) After consolidation, further decline is possible. 📉
3) Several updates to the local minimum (LOW) will be required for a confident long movement.

There are no signs of a sharp decline yet. Often before a significant move of large players (MM), there is a period of a flat, during which they build up positions. ⏳

A clearer picture will emerge next week.