$BTC Bearish Divergence Confirmed | Correction Imminent

Bitcoin has formed a clear bearish divergence on the daily timeframe, accompanied by declining volume, an inverted hammer candlestick at resistance, and a MACD crossover to the downside. Price has also retested the upper trendline but failed to break higher.

Key levels to watch:

First support: $96,000

If broken, further downside to $80,000

Ultimate support around $60,000 if market sentiment weakens further


Also, be cautious as today's Moody's downgrade of U.S. credit may increase market volatility.
This presents a solid short opportunity if BTC fails to reclaim key resistance levels.