Technical analysis by MarxBabu about Symbol BTC: Sell recommendation (2/5/2025)

📊 Analyzing **BTCUSD** across multiple timeframes: **22-day time frame**, **Weekly time frame**, **Daily time frame**, and **4-hour time frame**. 📉 BTCUSD is currently trading around **$97,706** and showing signs of a potential pullback. A correction towards the support level at **$95,000 - $93,500** seems likely based on current price action. 🔻 Key Levels to Watch: 🔹 **Immediate Support:** $95,000 - $93,500 zone. 🔹 **Resistance Levels:** Watch for rejection around $98,500 - $99,000. 🔒 Stop Loss can be placed above $99,500 to minimize risk. 🔍 We are using trend analysis, Fibonacci levels, and volume confirmation to identify this setup. Pine Script®BTCUSD's lower high formation aligns with a potential short-term downtrend. **Bearish View:** Expecting a drop towards $95,000 if current levels fail. **Bullish View:** Only a breakout above $99,000 can invalidate this view. ⚠️ Always confirm price action before entering. Risk management is key! 🚨 ⚠️ **Note:** If BTCUSD breaks below $93,500, further decline may accelerate. ⚠️ 🔔 **Be sure to follow the updated ideas for real-time insights!** 🔔 ⏰ **Analysis Time:** BTCUSD across multiple timeframes. ⚖️ **Do not forget to set a Stop Loss** for risk management! Protect your capital! 🔒