BTCUSD: Downward Trendline Still Holding Down Price
On the 12-hour chart, BTCUSD remains below a very clear declining trendline. After a sharp drop from above 75,000, the price attempted a technical rebound but was rejected around 64,750. Currently, BTC is trading around 63,518, still below the Ichimoku zone above at 68,564, indicating that medium-term selling pressure has not yet been released. The…
