Bitcoin Falls to $78,000, ETF Outflows Increase Pressure

BTC declined to $78,000, showing a 1.25% drop in 24 hours, and ETF outflows are increasing selling pressure. The RSI at 39.8 indicates weak momentum but has not yet entered oversold territory. The MACD is negative and below the signal line, confirming that short-term downward pressure continues. The price is trading below the SMA20 and SMA50, indicating a weak trend. The news flow and technical outlook together increase downside risk within 1-3 days, but buying on dips may emerge.

COIN shares fell 8.8% in the last 24 hours to $174.71, with the RSI at 34 approaching oversold territory. Bitcoin's decline to $78,000 and ETF outflows are increasing pressure on crypto-related stocks. The MACD is below its signal line and in negative territory, and the price is trading below its 20- and 50-day moving averages, confirming a short-term downtrend. Considering both the news flow and technical indicators, downside risk is likely to persist in the 1-3 day horizon. However, it should be noted that with the RSI nearing oversold levels and potential bargain hunting, the decline may be limited and selling pressure could ease somewhat, even without a sharp recovery.