$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.

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