Technical analysis by JinDao_Tai about Symbol BTC: Sell recommendation (6/26/2024)

Timeframe: H4 Trend: Continuation of the downtrend since 7th June 2024. Support/Resistance: If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower. TSRI MACD: No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing. Next key support is at 56847