The short-term indicators (3-minute chart) point to the beginning of a downward movement that is already underway. The selling pressure is clear.
{spot}(ESPUSDT)
{spot}(PAXGUSDT)
{spot}(BTCUSDT)
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However, some indicators (StochRSI and the money flow in the last 24h) suggest that this downward movement may be reaching a point of exhaustion, which could lead to a reversal or, at the very least, a pause in the decline soon. Keep an eye out to see if buyers can gain strength to push the price above the moving averages again.