Signal BTCUSD Sell — D1 - May 17, 2026 02:34 GMT-4
Signal closed at take profit
On the daily chart of BTCUSD, a bearish trend has been unfolding over the past few weeks. The price has been consolidating within a descending triangle, with the 200-period moving average serving as resistance. The recent break below the $78000 level has triggered a sell signal, as the price has dropped to $78057.3. The volume has been increasing, indicating a strong bearish momentum. The Relative Strength Index (RSI) has also crossed below the 50-level, confirming the sell signal. The price is likely to continue its downward trajectory, targeting the next support level at $68000. The risk-reward ratio is favorable, with…