Technical analysis by MaestroTrading_FX about Symbol BTC: Sell recommendation (10/9/2023)

BTCUSD was a slight increase of 0.24% over the past day, according to CoinStats data released on Thursday. However, the cryptocurrency continues to show bearish momentum on the hourly chart. It broke above the latest support at $27,560, suggesting a drop to $27,000 if daily trading ends below this mark.Earlier in the week, despite an initial bullish close, Bitcoin was unable to maintain its upward momentum. This leads to an expected movement in the $27,000-$28,000 range for the week. The weekly chart shows low trading volume, suggesting that Bitcoin is likely to continue falling without major volatility.