Technical analysis by KaKazazy about Symbol BTC: Sell recommendation (4/16/2024)

BTCUSDT continues to weaken, currently trading around $62,400, having lost nearly $1,000 in the early trading hours. From the 1-hour chart, I expect to sell this coin as it has broken through the upward trendline, coupled with its movement below the 34 and 89 EMAs, presenting a prime opportunity for bearish traders. I'm targeting a drop to the $59,500 - $59,000 range. What about you? Share your thoughts on BTCUSDT! Note: This is just an idea, so make sure to set your take profit (TP) and stop loss (SL) when trading!Trade active