tBTC (TBTC) is currently priced at $87,346, reflecting a 3.50% decline over the last 24 hours. The daily trading range has been significant, with a high of $91,690 and a low of $87,369, indicating heightened volatility in the market.

The trading volume stands at $12,960,049, which, while robust, represents only 2.37% of the market capitalization. The short-term moving averages indicate a bearish trend, with the 8 SMA at $91,031.42 and a decline of 4.05%, suggesting continued selling pressure.

In terms of momentum, the 1-hour RSI at 26 indicates that TBTC is in oversold territory, which could signal a potential reversal if buying interest returns. Meanwhile, the 7-day RSI at 49 suggests that the asset is nearing a neutral stance, though the 14-day change of -7.32% and 30-day change of -20.18% paint a picture of sustained downward momentum over the medium term.

Given the recent performance and technical indicators, TBTC is facing significant resistance to recovery. The current price is well below all key moving averages, which are trending downwards, further confirming the bearish outlook.

In conclusion, the negative trends in both price and momentum metrics, combined with the bearish moving averages, lead to a Sell rating for tBTC. Investors should consider exiting positions to avoid potential further losses, as the likelihood of a short-term recovery appears low.