Technical analysis by Sboschie about Symbol BTC: Sell recommendation (2/12/2025)

1W TF:Anticipating BTC to continue its downtrend. As per previous bullish flag followed by a rally, BTC shows forming another bullish flag pattern currently lower highs and lower lows. Currently approaching a 93.5K-89.5K zone. 20EMA coming into play within the zone forming a strong area of confluence. MACD crossing to the downside supporting a downtrend. A dead cat BOUNCE at 89K is a possibilty to fetch more liquidity followed by a rally to the upside.