Technical analysis by volkanakman82 about Symbol BTC: Sell recommendation (8/24/2024)

Btc gained momentum with the good news and reached the door of 65 thousand.. It is in its nature to rise when everyone is talking about falling, and to fall when everyone is talking about rising. The downward trend break and the approval of the rise will be taken above 70 thousand but I do not expect this at this time. The market is pricing the possible interest rate hike on September 17-18. According to my study, if a double top formation is observed at 65 thousand, a news sell situation will occur together with the interest rate cut and the main uptrend will make a rapid journey towards contacting the alt support. Here, either a double bottom or a tobo formation will start its real rise, which will take us to the 38-40 thousand band. On the other hand, usdt The dominant's weekly closing above 5 will be another element that will reinforce this expectation on the btc side. If we see a bit btc closing the week above 70 thousand and a dom usdt closing the week below 4.70, this expectation of mine will not come true and btc will go to the 85-90 thousand band from here..This is my personal work and is not investment advice..