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is currently sitting at around $2,273 after a modest dip of about 0.85 percent in the last 24 hours. Looking at the monthly chart, we are trading well below the middle Bollinger band near $2,858, with the upper band way up at $4,392 and the lower one down at $1,325. Price has been chopping around in a fairly wide range since the big moves we saw earlier, bouncing between roughly $2,200 and $2,800 lately.
The MACD is showing clear negative momentum with the line sitting at negative 157 and the histogram still printing red bars, while the RSI at 38.9 is hovering in that neutral-to-oversold zone without any strong rebound signals yet. Volume has been decent but nothing explosive.
Overall it feels like the market is still digesting the previous rally and waiting for a catalyst. Support looks to be holding around the recent lows near $2,250, but a break below could open up a test of lower levels. On the upside, we would need to clear $2,400-$2,500 convincingly to start shifting the short-term picture more bullish. Still watching closely for any signs of accumulation or fresh selling pressure in the coming days.
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