Technical analysis by SignalsProvider about Symbol BTC: Sell recommendation (9/2/2024)

The BTC/USD chart on the 15-minute timeframe is currently indicating a potential short opportunity. After the completion of wave (3), the price is likely to retrace to the 0.382 or 0.5 Fibonacci retracement levels, which are marked at approximately 58,159 and 58,008, respectively.This setup suggests that BTC/USD might experience a pullback, providing a possible entry point for a short trade. Traders should watch for the price action near these retracement levels for confirmation of the continuation of the downtrend.