Technical analysis by Shibunacci about Symbol BTC: Sell recommendation (4/13/2024)

🔮 Trend IndicatorsThe chart shows a downward trend with lower highs, suggesting a bearish sentiment.📐 Support & ResistanceClear resistance levels formed, indicating difficulty in price rising past certain points.A support level seems to be tested; a break below could signal further declines.📊 Volume AnalysisSpikes in volume accompany price drops, possibly a sign of strong selling pressure.🔄 Fibonacci RetracementPrice nearing a key Fibonacci level, often a reversal zone.💡 Candlestick PatternsRecent candles lack significant wicks, showing decisive moves with little indecision.⚖️ Market Sentiment#NFA