Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers.
In the current context, we are still quite optimistic about the possibility that the price will continue to decline, with the short-term target set at 58,645 USD as mentioned previously
