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Technical analysis by mimak0s about Symbol BTC: Sell recommendation (2/4/2025)

https://sahmeto.com/message/3227499
Sell،Technical،mimak0s

This chart illustrates a potential distribution pattern for Bitcoin (BTC/USDT) on the daily timeframe, characterized by lower highs and increased selling pressure near key resistance. The chart highlights a CME gap acting as a possible support zone, alongside significant volume spikes confirming selling activity. The setup suggests bearish continuation, with a defined risk-to-reward ratio visible through the marked stop-loss and take-profit zones. The EMA (25) serves as a dynamic resistance, reinforcing the bearish bias.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$99,218.56
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