Technical analysis by mohcinekamalifx about Symbol BTC: Sell recommendation (7/6/2024)

Hello dear traders! In almost every time frame, Bitcoin's outlook remains relatively negative. This is clearly defined as we will explain 1: The downward slope trend remains intact and maintained 2: Crossing an important area such as 60,000, which will support further downward momentum for the currency. 3: From the long-term uptrend channel, the support holding the price at $56,000, identified by Bitcoin weakness below $60,000, has been broken. Therefore, for now, we recommend that you prioritize your selling strategy and target at least 55,000. Because at this point, it seems that the price is still consolidating, ready for further distribution, to take a big hit.