The Bitcoin (BTCUSD) daily chart has been trending downwards since the beginning of March, with a clear bearish momentum in place. The recent candles show a series of lower highs and lower lows, forming a descending channel. The volume has been decreasing over the past few days, indicating a weakening trend. The price has broken below the 200-day moving average, which is a strong bearish signal. The RSI is also in the oversold territory, suggesting that the price may have reached a short-term bottom. Given the bearish momentum and the technical indicators, a short position is justified. The entry point…

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