Technical analysis by bitcosar about Symbol BTC: Sell recommendation (12/21/2024)

🚨 Bitcoin's Bearish Breakout Has Arrived: Price Target 76KBitcoin (BTC) Analysis (BTCUSDT)Bitcoin just closed its daily close at $97,805 and failed to break the $98,000 resistance. As if we didn't have a CME analysis and price target, now a rising wedge formation has formed on Bitcoin's daily chart. The price target of this formation is at $76,000. A breakout has occurred in this formation. In other words, the price target and scenario of this formation have become active. The CME gap is in the $78,000 - $81,000 region. CME gaps are usually filled with a high probability of 80% - 90%. Sometimes it fills early, sometimes late, but it fills somehow. In other words, it can fall to this level from here or Bitcoin it can retreat to this level after completing the bull run. However, it is quite difficult to predict exactly when this gap will be filled. Here, I would like to give a warning to my brothers who are especially engaged in leveraged transactions: They should act by taking this area into consideration and should not forget to keep their liquidation (liq) levels below this area. This is very important in terms of minimizing possible losses. I hope that this gap will be filled as soon as possible and the price target of the rising wedge formation will come; at least we will be free from these possibilities. In this way, we will continue on our way more comfortably. However, one more warning: Opening a short position based on this analysis may cause great trouble. Because the trend is upward in the medium and long term. It would be risky to act against this trend. I am doing my part; I am sharing with you what I see and know. In summary: - Do not act short. - If you are going to act long, adjust your leverage and liquidation level carefully. - Declines and corrections are opportunities in bull seasons. Try to reduce costs gradually. ✅ Mega Bull Season Free Altcoin Basket: bit.ly/ibrahimcosar58 - Check out my basket to evaluate the opportunities. ✅ BMK Crypto Education Academy: bit.ly/BMKAkademi (50% Discount) - Don't miss the training opportunity to specialize in the crypto world. (BMK price may change and the discount may end soon.) NOTE: Those who have technical problems accessing my altcoin basket and BMK can send an e-mail to our official e-mail address info@bitcosar.com.