Hello all traders, let's dive into today's BTCUSD analysis!
Currently BTCUSD is trading around $58.327 and lost 1.36% at the start of the new week, continuing the decline after the price tested the 0.618 and 0.5 Fibonacci retracement levels.
The bearish outlook remains very strong with the price still below the 34 - 89 EMAs, in addition to the strong market sentiment and bearish trend factor.
Therefore, I still favor a sell strategy targeting lower lows. Good luck to all traders!
✅Are you looking for high-quality trading signals, in-depth market knowledge, and free support?
Join me and gain access to all of this for free!
✅Click the link below:
t.me/+0v06HRo9rEQzNDM1
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.