The daily chart of BTCUSD is displaying a bearish trend, with the price experiencing a significant decline from its peak in mid-March. The recent candles have formed a series of lower highs and lower lows, indicating a strong downtrend. The momentum indicators are also suggesting a sell signal, with the relative strength index (RSI) falling below the 50-level. The volume has been increasing on the downside, confirming the strength of the bearish move. The current setup suggests that the price may continue to decline towards the support levels around $70000-$71000. The sell signal is justified given the bearish trend and…

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