Signal BTCUSD Sell — D1 - May 16, 2026 18:48 GMT-4
The daily chart of BTCUSD presents a bearish trend, with the price steadily declining since the beginning of the candle window. The recent high of 79438.46 on April 29th was a significant resistance level, which was eventually broken to the downside. The current price of 78184.88 is testing the support level of 78000, which was established on May 9th. The volume has been decreasing since the peak on April 29th, indicating a loss of momentum in the downtrend. However, the recent candles have shown a slight increase in volume, suggesting a potential continuation of the downtrend. The technical context supports…