Dear traders!

Recently, BTCUSDT is having difficulty maintaining its peak of $70,000.

Both the short-term and medium-term outlook show that the technical downtrend is gradually strengthening.

Technically: the relative strength index is trending down above the bullish zone, suggesting a potential momentum shift and a potential bearish revival. Therefore, I predict a downward price correction in the near future, with a target of around $50,000 following the strong uptrend of the past few months.

What do you think about BTCUSD? Please share your thoughts with me!