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BTCUSD: Sellers dominate on all timeframes!

От Dominic_Bitcoin
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Hello all traders, let's dive into today's BTCUSD analysis!

Currently BTCUSD is trading around $58.327 and lost 1.36% at the start of the new week, continuing the decline after the price tested the 0.618 and 0.5 Fibonacci retracement levels.

The bearish outlook remains very strong with the price still below the 34 - 89 EMAs, in addition to the strong market sentiment and bearish trend factor.

Therefore, I still favor a sell strategy targeting lower lows. Good luck to all traders!
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Bitcoin (Cryptocurrency)BTCUSDBTCUSDTbuyChart PatternsForexTechnical IndicatorsSELLsignalsTrend Analysis
Dominic_Bitcoin
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