Today BTC (Bitcoin) is in a downtrend ๐Ÿ“‰

Reason:

Price dropped from around $109K โ†’ $106K

Lower highs and lower lows forming on 1H & 4H charts

Volume increasing on red candles (selling pressure)

Trend summary:

๐Ÿ• Short term (1Hโ€“4H): Downtrend

๐Ÿ•› Daily (1D): Correction phase / weak bearish

๐Ÿ“ˆ Long term (weekly): Still overall bullish$BTC #BTC