Near-term weakness is evident with price trading below the 20-day SMA (69,575). RSI at 42 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD histogram turns negative, adding weight to the bearish thesis. Our 31-strategy scoring model ranks Long Put as the highest-conviction play at 75%.

No significant recent moving average crosses.

RSI at 42.4 is well within the neutral zone, showing balanced momentum without extreme conditions.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Volume trend is balanced, showing no decisive edge for either buyers or sellers.

Inverted V-Shape / Double Top Formation

The 20-day moving average at 8,214 now acts as overhead resistance — bears have reclaimed near-term control. The 34 RSI reading places the asset in the oversold zone. Watch for a bullish divergence — it would signal the selling wave is exhausting. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Long Put leads the strategy table at 86% — directional bias and vol regime both align.

Bearish short-term cross (21-EMA crossed below 50-SMA) — Trend accelerating downward

RSI at 34.0 confirms strong selling momentum, though nearing oversold territory.

MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.

Price crashed below the lower Bollinger Band, indicating panic selling or extreme bearishness.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Lower Highs and Lower Lows (Downtrend Structure)