The BTCUSD H1 chart displays a bearish trend, with the price breaking below a significant support level at around 80800. The recent candles show a clear downtrend, with the price making lower highs and lower lows. The volume has been increasing, indicating a growing interest in selling the asset. The price is currently trading near the 50-period moving average, which is acting as a resistance level. The RSI is in oversold territory, which could lead to a bounce, but the overall trend remains bearish. The recent candlestick patterns, such as the bearish engulfing pattern, also confirm the downtrend. Considering the…

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