Technical analysis by AndreKlynsmith about Symbol BTC: Sell recommendation (10/12/2024)

I am expecting further downside on BTC to $57 500.00 before having a small bounce and then dropping further down to close the CME gap. CPI came in slightly higher than expected yesterday having a bearish affect on markets. Continuing downwards movement on BTC means we're likely to see lower tests. $53 000.00 on BTC starting to look more likely before we see further upside.