Technical analysis by Crypto-Boiz about Symbol BTC: Sell recommendation (9/20/2023)

In the weekly chart, BTC broke the short-term trendline (formed from January 2023 to present) after testing the 100-week SMA and reversing afterward.At the same time, the MACD indicator has shown a sell signal in a bearish divergence state and the MACD line is receding close to the 0 threshold. This shows that BTC's short-term prospects are less positive.Currently, the 50-week SMA is acting as support (equivalent to the area of ​​24,500 - 26,500 USD). The writer believes that the risk will increase if BTC loses this important support zone in the near future.