Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Looking at Bitcoin (XBTUSD) short-term (1H) we can see that prices are now trading below EMA10 and EMA50 while the two indicators have a bearish cross.
The MACD and RSI are trending down and volume is really weak after multiple lower highs. If XBTUSD fails to move back above $8093, prices are very likely to drop.
What's your take? Feel free to share with us in the comments section.