Technical analysis by Toro_Chill about Symbol BTC: Sell recommendation (7/27/2024)

Economic policy decisions by the US President have caused significant fluctuations in the financial market, increasing the volatility of BTCUSDT. The current RSI is at 62.29, indicating that BTC is in the buying zone but not yet overbought, suggesting potential for further growth. There is a strong resistance zone at 69,000 USD. If BTCUSDT fails to break through this level, it is likely to undergo a correction back to the support level. If BTCUSDT continues to be unable to break the resistance at 69,000 USD, the price is likely to fall to the support level around 64,200 USD.