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

🔥 BTCUSD Analysis: Potential Move Ahead on the 3D Chart 📊 Bitcoin (BTCUSD) is showing interesting price action on the 3D chart, with signals indicating a possible correction or a breakout depending on key levels. Let's analyze the current situation and potential scenarios. 📈 Current Price:** $97,706** Potential Target:** $95,000 (Bearish) / $100,000 (Bullish) 🔑 Key Levels to Watch: 🔹 **Support Zone:** $96,000 - $95,000 🔹 **Resistance Zone:** $98,500 - $100,000 📊 Technical Insights: 🔸 **RSI Neutral:** No clear overbought or oversold signal yet. 🔸 **MACD Crossover:** Bearish signal on the 3D timeframe. 🔸 **Descending Trendline:** Acts as strong resistance. Pine Script®BTCUSD has been forming a potential descending wedge pattern, indicating a possible retest of the $95,000 level before a bounce. **Bearish View:** If BTCUSD loses $95,000 support, we may see an extended correction toward $92,000. **Bullish View:** A breakout above $98,500 could push the price back to $100,000 and beyond. ⚠️ **Note:** If BTCUSD drops below $95,000, more downside may be expected. ⚠️ 🔔 **Be sure to follow updated ideas for real-time insights!** 🔔 ⏰ **Analysis Time:** BTCUSD 3D chart, long-term perspective. ⚖️ **Always set a Stop Loss** to manage your risk! 🚨