BTCUSDT: Falling from the price level of 40,000 USD

Dear valued readers, as I mentioned yesterday, BTCUSDT has broken out of its upward channel, leading to a significant decline in the price. At the time of writing, the cryptocurrency market is trading around the $40,000 mark. The downward trend is strong as the price has surpassed several important support levels, namely $41,000 and $42,000.

Meanwhile, after the approval of 11 Bitcoin ETF funds, BTCUSD continues to decline on Thursday. It is expected that the price will reach $35,359. What are your thoughts on this matter? Do you agree with me?

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