Today BTC (Bitcoin) is in a downtrend ๐
Reason:
Price dropped from around $109K โ $106K
Lower highs and lower lows forming on 1H & 4H charts
Volume increasing on red candles (selling pressure)
Trend summary:
๐ Short term (1Hโ4H): Downtrend
๐ Daily (1D): Correction phase / weak bearish
๐ Long term (weekly): Still overall bullish$BTC #BTC
Reason:
Price dropped from around $109K โ $106K
Lower highs and lower lows forming on 1H & 4H charts
Volume increasing on red candles (selling pressure)
Trend summary:
๐ Short term (1Hโ4H): Downtrend
๐ Daily (1D): Correction phase / weak bearish
๐ Long term (weekly): Still overall bullish$BTC #BTC