(BTCUSD) declined in its recent intraday trading, approaching a break below the $74,000 support level, amid continued negative pressure resulting from trading below EMA50, which acts as dynamic resistance, limiting recovery attempts and reinforcing the dominance and stability of the main short-term bearish trend, increasing the likelihood of further declines in the coming period.
This comes amid the continued lack of sufficient positive catalysts to overcome selling pressure, leaving sellers in control and supporting the scenario of further negative performance, as the price approaches a test of the aforementioned support level.
