Technical analysis by Krokzi about Symbol BTC: Sell recommendation (8/13/2024)

Notice how Bitcoin breaks below previous lows (circled) and then gets back above them? I like that. What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024. It has attempted twice and failed both times. This indicates weakness. From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept. Target: I never liked this crypto shit anyway.