The daily chart for BTCUSD is currently in a downtrend, with the price falling from its peak in March. The recent bearish engulfing pattern on the daily chart indicates a strong selling pressure. The daily RSI is also below 50, suggesting that the bears are in control. The daily volume is relatively high, indicating a strong confirmation of the downtrend. The price has broken below the daily support level of 80000, which further strengthens the bearish case. Given the strong selling pressure and the break below the daily support level, a sell signal on the daily chart is justified. The…

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