Dear friends, as predicted earlier, BTCUSDT continues its downward trend, currently at $41,178, marking a decrease of nearly 1.08% for the day.
Technical analysis indicates that BTC has been unable to surpass the crucial resistance level at $43,600. Furthermore, the convergence of EMA and the resistance zone at $42,238 further suggests the possibility of further decline. If BTCUSDT breaks below the strong support level at $40,200, we may witness a significant drop compared to the initial profit-taking point of around $37,700 for sellers, as there is no solid support to reverse the previous trend.
What are your thoughts on how BTCUSDT will evolve in the near future?