BTC: Downside Corrections Expected This Week

BTC faces continued downside pressure this week as @CryptoKing4Ever confirms the prevailing setup remains intact.

Price sits at $62730.23 below both the EMA50 at $63662.39 and EMA200 at $63706.03, locking in a bearish trend structure. The MACD death cross at -291.15 reinforces selling momentum while RSI at 41.75 stays neutral. With price testing the upper Bollinger Band resistance near $63742.94 yet still inside the bands, a swift rejection toward the lower band support at $62332.94 aligns with the expected correction path.