Hello dear traders!
Overall, BTCUSD is changing the structure of the market observing a broken bullish technique, which can generally determine the medium-term potential. Price is testing $64.685, aggressively defended by sellers amid a wave of corrections and sell-offs
The bullish momentum in general has been exhausted, the support level of 64,685 USD cannot make Bitcoin turn around and the downtrend continues to develop. Based on technical factors, I am still quite optimistic about the downtrend of this coin.
The technical down trend may continue, the nearest potential target on H1 could be the $62,081 area
Overall, BTCUSD is changing the structure of the market observing a broken bullish technique, which can generally determine the medium-term potential. Price is testing $64.685, aggressively defended by sellers amid a wave of corrections and sell-offs
The bullish momentum in general has been exhausted, the support level of 64,685 USD cannot make Bitcoin turn around and the downtrend continues to develop. Based on technical factors, I am still quite optimistic about the downtrend of this coin.
The technical down trend may continue, the nearest potential target on H1 could be the $62,081 area
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