Technical analysis by shardapp about Symbol BTC: Sell recommendation (5/8/2023)

Will it rain in May? (Agua de Mayo) There is a Spanish phrase, "Como agua de mayo," that symbolizes the refreshing rain falling in May, which is somewhat synonymous with rebirth. I see an analogy in the cryptocurrency market's anticipation of growth, but I still believe it is too early. Bitcoin still hasn't broken its peak from April 14th, so my view on a potential drop below 27,000 remains valid. Additionally, the emergence of local resistance around 29,500 reinforces my belief. In my opinion, a head and shoulders pattern is forming, and if I'm not mistaken, the saying "sell in May and go away" might come true this month.