Technical analysis by bitcosar about Symbol BTC: Sell recommendation (8/19/2024)

Bitcoin Daily closing at $ 58.427. The last 4 days have tested $ 60,000 psychological resistance and unfortunately it has not succeeded. They constantly hit BTC's head from $ 60,000 main resistance level. At the same time, the last 4 days BTC $ 56,000 support level and $ 60.0000 resistance level began to exhibit horizontal movements. Every daily closing from $ 60,000 is very dangerous and we can re -test the $ 56,000, one of the next strong support levels, as the voluminous candle closure is coming under yesterday. The next support is $ 54,000. For now, our direction still looks down. When there is a change, I will share my thoughts to you. So make sure you follow me. Please do not open the leveraged process, I think they will detonate liquidations again. When the daily closing arrives above $ 60,000, we will make a market update and new analysis in Bitcoin. WARNING: My articles are not investment advice, but only for informational purposes. It includes my own thoughts and interpretations.