Technical analysis by Margot-01 about Symbol BTC: Sell recommendation (8/15/2024)

BTCUSDT is currently trading within a sideways range between two significant price levels.The EMA 89 and EMA 34 are positioned above the price, indicating a short-term bearish trend.The RSI 14 is at 43.36, below the 50 level, signaling the strength of the downtrend.I predict that the price may rise towards the resistance zone before pulling back to around 60,500.