BTCUSDT 4H | Bitcoin market overview: Short
Hello, dear subscribers!
Yesterday the price of bitcoin dropped below $9,350, which indicates that the downtrend has begun.
MACD and RSI indicators confirm that the price has fallen. On the daily chart of the MACD we can see an increasing force of downward movement. The RSI value is below 50 and is looking down.
The first target of this movement is $8,600-$8,800. Further targets for sellers are $6,800-$7,000.
The current price is $9,280. If you have a long position, the right decision now is to exit it and wait for the cheaper price to buy.
Subscribe to the channel and follow the news from the bitcoin market!
Yesterday the price of bitcoin dropped below $9,350, which indicates that the downtrend has begun.
MACD and RSI indicators confirm that the price has fallen. On the daily chart of the MACD we can see an increasing force of downward movement. The RSI value is below 50 and is looking down.
The first target of this movement is $8,600-$8,800. Further targets for sellers are $6,800-$7,000.
The current price is $9,280. If you have a long position, the right decision now is to exit it and wait for the cheaper price to buy.
Subscribe to the channel and follow the news from the bitcoin market!
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