In the short term, the crypto pair is below the major moving averages, MACD is weak, and resistance is close overhead.
Supported by a downward-sloping moving average.
The crypto market is currently in a phase of consolidation with a slight bearish tilt. Bitcoin has failed to hold recent highs and is testing lower support levels. The lack of major breaking news suggests the market is waiting for a clearer macroeconomic signal or a decisive technical breakout.