The daily chart of BTCUSD has been exhibiting a strong downtrend, with a series of lower lows and lower highs since the beginning of the year. The recent candlesticks suggest a continuation of this downtrend, with a bearish engulfing pattern and a decrease in volume. The price has also broken below the support level of 80000, indicating a potential target for the next bearish move. The momentum indicators, such as the RSI and MACD, also support this bearish view, with the RSI in oversold territory and the MACD showing a strong bearish crossover. Given this technical context, the current setup…

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