BTC/USD Trading Analysis (07/05/2024)

The trend is descending. The crypto coin is traded in the range between 365 and 135 ЕМА. The ascending wave structure has finished. There is bearish divergence on the Awesome Oscillator. The breach of the level 62651 will start formation of the descending wave structure.

Trading idea:

Sell at the breach of 62651.0.

Stop-Loss at 65501.0.

Target price levels at 59936.0 and 56732.0.

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