BTCMaintains Stability, Selling Bias Supported by EMA 9 Signal for BINANCE:BTCUSD by Midas_Calista

BTCMaintains Stability, Selling Bias Supported by EMA 9 Signal

Today, BTCUSD is holding steady around the $67,645-68,000 range, with no notable fluctuations observed. In this context, I continue to advocate for a bearish stance on BTCUSDT, especially as it moves away from its sideways trend. The signal from the EMA 9 further strengthens the optimism that the market may lean towards the selling side.

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I predict BTC will reach 72,000 VND and drop to about 55,000 USD

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I think BTC will rise to around 71,500 and then drop.

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The RSI (Relative Strength Index) is a very popular tool because it can be used to identify trends. If you believe a trend is forming, look at the RSI and see if it is above or below the 50 level. If you're looking for an uptrend, make sure the RSI is above 50. Conversely, if you're looking for a downtrend, an RSI below 50 is a sign. The MACD (Moving Average Convergence Divergence) shows weakening selling pressure, indicating that prices are about to change direction.

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Midas_Calista

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