Bitcoin currently appears somewhat weak in the short term. When I look at the charts, understanding what the EMA 7, 25, and 99 parameters do is important because these indicators show us the trend. Although the EMA 7 and 25 values remain above the EMA 99, the price has fallen below these short-term averages. This indicates a short-term downward trend.

When I look at the Bollinger Bands, the price is approaching the middle band and moving toward the lower band. Since the bands have widened, volatility is high. Being close to the lower band generally signals an oversold condition, which suggests we might expect a potential rebound.

The moving averages also support the short-term decline. I am watching the levels of 64,000 and 63,500 as support. If the price cannot break these levels, a deeper decline could occur. Currently, Bitcoin is at the 78.18K level. A downward movement in the short term seems more likely, but since it is close to the oversold zone, we should also be prepared for a sudden rebound. Since the market can change at any moment, do not neglect risk management.