Technical analysis by Holyrood about Symbol BTC: Sell recommendation (5/22/2023)

Bitcoin Shorts Short Entry 1: If the price rises to the 38.2% level (28,468.4) and then starts to fall, this could be a potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at the next Fibonacci level down (50% level at 27,924.4). Short Entry 2: If the price rises further to the 23.6% level (29,095.3) and then starts to fall, this could be another potential short entry point. A stop-loss could be set just above this level, and a take-profit target could be set at a lower Fibonacci level (38.2% level at 28,468.4).