2022 Bitcoin Pattern Reappears — Second Decline Worse Than First

The negative 24-hour change rate of BTC and its RSI14 value being around 50 indicate a short-term downtrend. The negative divergence between the MACD and MACD signal lines also supports this view. However, due to the proximity of SMA20 and SMA50 values, a significant decline is not expected. The negative tone of the news headline may also negatively impact market sentiment.