📉 #Bitcoin Update June 21 2024📉 Daily time frame🚨

BTC is showing bearish signs in the short to medium term:

🔹 Support & Resistance:

BTC broke below the red dotted support line, signaling further potential downside.

🔹 Moving Averages:

Key support to watch: 200-day MA (Green).

#Indicators

#RSI Still not oversold!

#MACD: Bearish, with negative momentum.

🔹 Volume: Increased selling pressure noted.

🔹 Outlook: Short to medium-term: #Bearish trend.
Long-term: Watching the 200-day MA as crucial support.

Stay cautious and monitor market signals! 📊💡 #Crypto #BTC #Trading  @MEXC_Official #Mexc
#Bitcoin