Technical analysis by Resolute about Symbol BTC: Sell recommendation (11/18/2024)

A close (preferably 4H) below blue forkline would confirm the blue C-fork is in play and suggest a fib-based target of ~84k (0.618 retracement). if 1st target of 84k is reached, it would technically activate the bigger C-fork (red) and close below the red forkline would suggest a further drop to ~77k (0.618 retracement). Coincidentally this would fill the CME gap. Historically almost all CME gaps have been filled. If this plays out, 77k would be a fantastic spot to open some longs both on BTC as well as altcoins.