Technical analysis by AdvancedPlays about Symbol BTC: Sell recommendation (9/30/2024)

BTC had a strong week last week and looked like it was going to get continuation after breaking above 65.5k, but the rally didn't sustain. Now we have a fakeout above 65.5k and an ascending channel break to the downside.I'd be careful with longs until it reclaims. It's still reasonable to expect it to recover soon, but if not downside targets for me would be 62.5k and then 57.7k.