Technical analysis by Raz_Trading about Symbol BTC: Sell recommendation (6/13/2024)

Today, let’s dive into BTCUSD. From my perspective, the outlook remains bearish. Here’s why: -Technical Analysis: Current Price: BTCUSD is trading around $67,600, having lost 0.84% today. Trend: The price continues to follow a clear downward trend. EMA Indicators: The coin is positioned below both the EMA 34 and EMA 89, with the EMA 34 showing a bearish reversal, further supporting the selling pressure. -Trading Outlook: Short to Medium Term: Given the current technical setup, I’m maintaining a bearish outlook for BTCUSD. The downward trend provides a strong basis for my sell strategy. What about you? Do you share the same sentiment, or do you see a different opportunity for BTCUSD? Share your insights and let’s discuss the potential movements and strategies! Happy trading!