BTCUSDT: suddenly turned down in priceLet's take a fresh look at BTCUSDT today. After a sudden drop last weekend, from a high of $48,900, BTCUSDT has slipped down to $42,666.
Technical analysis suggests that the bearish side is now taking control, with BTC dropping nearly $6,000 in a short period of time. The 4-hour chart and EMA 34 indicate a continued downward trend.
Given the current scenario, a selling strategy with a short-term target of $40,700 is being considered.
What about you? What are your predictions and strategies for the next moves of BTCUSDT?