Today, BTCUSDT continues its downtrend from the start of the week, currently experiencing a slight recovery around the $61,700 mark after dipping to a low of $59,700 yesterday.
Despite this minor rebound, the overall trend remains bearish. In the short-term chart, our strategy continues to favor selling, as BTCUSDT has broken down through the $61,700 support level, now turning it into a new resistance level. Additionally, the reversal indicated by the EMA 34 and 89 lines still favors sellers, following Dow's theory. We anticipate another selling opportunity after the coin retests the EMA lines as it has in the past.
#BTC
