$BTC Will the decline resume? Updated analysis
Current price: $84,641.50.
Price action: We are seeing weakness in the upward rebound, indicating the possibility of a resumption of the downward trend.
RSI Indicator: Dropped to 39.89, indicating weakness in buyer strength.
MACD Indicator: Still indicating a downward trend, with a noticeable divergence between its lines, reinforcing downward expectations.
Bollinger Bands: The price is approaching the lower bound, which may indicate a resumption of the downward trend.
Support levels: $84,000 significant psychological support, $83,500, $83,000.
Resistance levels: $85,800 major resistance, $86,500, $87,000.
Expectations:
Potential scenario: Resumption of the decline towards support levels, with the possibility of testing the $84,000 level.
Monitoring: We are watching the $84,000 level and trading volume to confirm the continuation of the decline.
Risk management: Using stop-loss is essential to protect capital.
Advice:
Exercise caution and monitor trading volume at the $84,000 level.
Follow me for more updates
#Technical_Analysis #Bitcoin
#باينانس #تداول_العملات_الرقمية