Analysis #BTC☀
#btc has closed the August candle and is correcting the new trend for a volatile September.
-Short-term technical analysis of the trend #btc 1D candle
-Price is below the middle band of Bollinger Bands, indicating that the downtrend is dominant.
Current resistance is around 1.440
-The nearest support is likely to be at 1.360
-MACD is showing bearish momentum with red bars gradually increasing to negative, indicating that selling pressure is increasing.
-MACD line is below the signal line, further strengthening the bearish signal.
-Price is hovering near the lower line of Bollinger Bands, which may indicate that the price is likely to continue to decline if there is no clear sign of recovery.
