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BTCUSDT 1D | Bitcoin market overview: Local downtrend

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Bitcoin / TetherUS (BINANCE:BTCUSDT)  
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BINANCE:BTCUSDT   Bitcoin / TetherUS
Chart Patterns Technical Indicators Trend Analysis BTCUSD BTCUSDT binance Bitcoin (Cryptocurrency) short downtrend Bearish Patterns 4hour 4hourchart
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chartpattern indicator trendanalysis btcusd btcusdt binance bitcoin short downtrend bearish 4hour 4hourchart
Hello, dear subscribers!

In the last review we wrote that the bulls were testing the upper limit of the trade zone 11,800 - 11,900.
BTCUSDT 1D | Bitcoin market overview: Bulls are coming
After the bulls failed to pass an important border, the price of Bitcoin dropped to the lower border of the trading zone - 11,100 - 11,200. This movement formed a local downtrend. In case the bears managed to break through the zone 11,100 - 11,200, the next stop will be 10,600 - 10,800. MACD and RSI indicators are in the decline zone, which confirms the downtrend.

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