BTC chart and possible breqak through to the downside for a dip buy.
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Looking for the lowest entry point on BTCUSD. If there is a break out of the blue channel, the next layer of support looks like $48,300. MACD shows no sign of reversing at the moment. Volume belongs to the sellers. The 9EMA (Orange moving average) is losing ground to the 50EMA (blue line) signaling some temporary bearishness. Not much time left in the 8 hour candle and and a new candle could have a starting price of $52.6K.