Price is heavily respecting the bearish trendline, which tells us the bearish trend is still strong. On top of that, the Stochastic has just formed a death cross, adding more weight to the downside risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Things are not looking good for $BTC right now.
Price is heavily respecting the bearish trendline, which tells us the bearish trend is still strong.
On top of that, the Stochastic has just formed a death cross, adding more weight to the downside risk.