Technical analysis by ObtGROUP about Symbol BTC: Sell recommendation (10/5/2023)

Starting from 2023, the upward trend starting from 16K continues within the channel.1- Extreme moved in the middle level of the channel at 30-31K levels for 15 days. He could not bypass the upper part of the channel himself.2- It started at 3.62% and decreased towards the lower limit of the channel until August 15.3- It hung on the name of the channel and broke the channel with a sudden drop of 7.17% on August 17.4- It was tested up to the support point of 24.8K and the formation was created.5- While we were in the formation, starting October with a 3.82% increase, as the rest of the month was at 27K level, broke the formation.6- However, RSI is positive.As it has not yet been able to pass the 28.6K resistance, the expectation that the 24.8K support will be tested and broken again continues.