Technical analysis by Raz_Trading about Symbol BTC: Sell recommendation (6/16/2024)

Hello BTCUSDT enthusiasts, Do you think BTCUSDT is headed for a decline? Looking at the 4-hour chart, it’s evident that the bearish trend persists. The EMA 34 and 89 are providing strong signals in favor of the bears, and the descending parallel channel remains intact without any signs of a breakout. As long as the price stays within this channel and doesn't break above its upper limit, our strategy remains to sell in line with the trend. Our target this time is to break through the $65,000 level and aim for $63,000. What are your thoughts on BTCUSDT's direction?Trade active