Technical analysis by Bpay13 about Symbol BTC: Sell recommendation (12/30/2024)

Trading volume: The trading volume during a bearish trend should be taken into consideration. If the trading volume increases during a price decline, it indicates greater selling pressure and confirms the bearish trend. In the chart, you can see that the trading volume is decreasing.News: Important news and events can also have a significant impact on the price of Bitcoin. Make sure to stay informed about major news and events.Caution: Given the current conditions and selling pressure, it is recommended to proceed with caution when entering a trade at this time.Monitoring: Carefully monitor the chart and pay attention to any changes in patterns and indicators ( Don't forget that indicators only provide insights into the past market and clarify volumes and trends for us. Do not rely solely on them for trading. ).Buying: If you intend to buy, wait for the price to reach the support level of $91,300 and look for signs of a price reversal.Risk Management: Be sure to use stop-loss and engage in trading with proper capital management.