BTCUSDT 1D | Bitcoin market overview: Local downtrend

Hello, dear subscribers!

In the last review we wrote that the bulls were testing the upper limit of the trade zone 11,800 - 11,900.
After the bulls failed to pass an important border, the price of Bitcoin dropped to the lower border of the trading zone - 11,100 - 11,200. This movement formed a local downtrend. In case the bears managed to break through the zone 11,100 - 11,200, the next stop will be 10,600 - 10,800. MACD and RSI indicators are in the decline zone, which confirms the downtrend.

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