Technical analysis by Trader_Lucullus about Symbol BTC: Sell recommendation (8/3/2024)

Hello all dear traders! BTCUSDT continues to face bearish pressure today after failing to break out of the descending price channel. At the time of writing, BTCUSDT is falling and hovering below the resistance level of $65,500. Based on the current trend from the chart and the confluence of the 34 and 89 EMAs at the dynamic resistance zone, the selling strategy is expected to continue to dominate today.Trade active