Technical analysis by crypto_profile about Symbol BTC: Sell recommendation (9/4/2024)

Hello friends, I want to briefly summarize, the closing below 57500 will definitely produce a result for 54, I said it will fake it because these horizontal movements especially came after the rise, which convinced me that the price will go down to 44. In order to cancel this assumption, first 68k should be exceeded, we will talk about the rest later. I think the best case scenario is that 60k and 60800k will be tested and then a decline will come, maybe it will not be tested, but in the current image, the last rise unfortunately looks like a bull trap. As for the reason, we can say that the money inflows that gave the 65 test have turned into outflows. The worst part is that it has started to show itself in the weekly, don't take risks, maybe we won't see a bull for another year, but I'm keeping quiet for now (October-November, if this market continues like this, we won't see a bull before the last quarter of 2025, I'm sorry, but unfortunately October-November will show this, it would be beneficial for you to focus on the short term for now) It is not investment advice, good luck