Technical analysis by wbburgin about Symbol BTC: Sell recommendation (5/3/2023)

Bitcoin 1 Hour: Exact Same Downslope Bitcoin's one-hour trend is showing the exact same downslope (-45 degrees) as the chart demonstrated mid-April. This may indicate more trying times to come, at least in the short term. The make-or-break is still $27250. A fall below that critical support level might trigger a more prolonged downtrend. One the other hand, a run above $30000 is still the zone where I will enter longs. Happy Wednesday & happy trading! wbburgin