Bitcoin price (BTCUSD) declined in its last intraday trading, continuing its trading with sharp bearish wave on a short-term basis, amid the continuation of negative pressure due to its trading below EMA50, which reinforces the dominance of the sellers on the main trend.

The price is affected by forming clear negative divergence on the relative strength indicators, after reaching severe overbought levels compared to the price move, with the emergence of the negative signals, which supports the continuation of the pressure on the near-term basis.

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