- you need BTC to continue to close below the 200MA
- reject the resistance around $38,800 and continue in a downwards trend
- to support this it also looks like the RSI is low which shows that BTC is currently overbought, which of course is bearish
- reject the resistance around $38,800 and continue in a downwards trend
- to support this it also looks like the RSI is low which shows that BTC is currently overbought, which of course is bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.