The BTCUSD daily chart presents a bearish trend, with the price forming lower highs and lower lows since March. The recent candlestick formation is indicative of a downtrend, with the price breaking below the support level of 79282.26. The momentum indicator suggests a strong bearish momentum, with the price accelerating downwards. The volume, although not extremely high, confirms the strength of the move, with a notable increase in trading activity as the price broke below the support level. Furthermore, the Relative Strength Index (RSI) is oversold, indicating a potential bounce, but the overall trend remains bearish. The current setup supports…

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