1. Price Action

Breaking the Uptrend Line: We notice the presence of an uptrend line (in green) that has supported the price since late February. The price has now clearly broken this line downwards, which is considered a preliminary negative signal indicating weak buying power and a change in momentum.

Lower Highs: The chart shows that the price has recently failed to surpass previous peak levels (around the 72,500 - 74,000 areas) and has started to form lower highs, which increases the likelihood of entering a corrective wave.

Current Support Level: The price is now trading at 66,529. There is a significant horizontal support area shown on the chart at the 66,000 - 65,000 levels. Breaking this level may open the door for further decline towards the 62,500 areas.

2. Relative Strength Index (RSI)

The indicator is currently at around 20.0, which is an oversold area.

Interpretation: When the RSI reaches these low levels, it indicates that selling pressure has been very intense in recent hours. This oversold condition often follows a "technical rebound" upwards to catch its breath, but it does not necessarily mean an immediate change in the overall trend to bullish.

3. MACD Indicator

Negative Crossover: The MACD line (blue) is below the signal line (orange), and both are trending downwards below the zero line.

Bars (Histogram): We notice an increasing length of the red bars downwards, confirming that bearish momentum is still strong at the moment.