TSRI Strategy: More pain for BTCUSD?
Timeframe: H4
Trend: Continuation of the downtrend since 7th June 2024.
Support/Resistance: If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower.
TSRI MACD: No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing.
Next key support is at 56847
Trend: Continuation of the downtrend since 7th June 2024.
Support/Resistance: If BTCUSD is resisted by the 23.6% Fibonacci retracement level at 61718, the price could continue trading lower.
TSRI MACD: No crossover to signal selling opportunity yet. But MACD line converging with volume (histogram) decreasing.
Next key support is at 56847
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