The analysis focuses on JASMY/USDT, indicating a bearish trend. The analyst points out that Jasmy has broken to the downside and invalidating any attempts for a bounce, aiming for 0.0037, with Bitcoin's break below bull market support reinforcing the bearish outlook. The target price for Jasmy is around 0.0047, corresponding to the wick from 2022 lows. A downtrend line is drawn from September high, with the 0.236 Fibonacci retracement level at 0.0081. As long as JASMY is below 0.0081 and 0.0092, price action is expected to be bearish. Only breaking above 0.0092 would suggest a potential bottom formation and rally. In short term as long as JASMY remains below 0.0092 the analysis remains bearish. The macro trend for the last year and a half has been down, which would suggest as long as JASMY is below 0.0092 in the short term, it is extremely bearish and only getting over the 0.618 retracement in the larger timeframes could we speculate a larger rally back up to the higher prices will take place.