Bitcoin (BTC): Sellers Are Showing Dominance

On a smaller timeframe, we can clearly see a dominance of sellers as well, where 200EMA has been tested multiple times but yet it has rejected the breakout attempts.

We are looking here for that red line to be broken, which would result in a bigger break of structure where price could start to fall toward the last lower zone, where price dumped near $49,000.

Swallow Team