Technical analysis by xugina78 about Symbol BTC: Sell recommendation (8/6/2024)

As we predicted yesterday, Bitcoin dropped to the support area of previous consolidation box, and be supported for a short-term callback.so it's a buy timing now?let's check 1h chart, we could see that the price is rebounding to the candlestick area with high volume, which represent strong resistance. Therefore, if the price can not break above this resistance area, and the trend cannot be reversed, it might continue to go bearish later. In this case we can pay attention to sell signal that the short-term callback is ended.Make sure to hit that follow and boost button so you won't miss any updates.