Bitcoin sell-off will intensify short-term

On the 1D chart BTCUSD appears open to another sell-off, with a short-term rejection of the $60k psychological barrier. Once the MACD crosses the signal on the way down, sellers will drop more shares, leading to more sell-offs in the altcoin market as well. Once a bottom is reached, BTCUSD will continue its uptrend, as it is currently in long-term bullish momentum.