Technical analysis by alixjey about Symbol BTC: Sell recommendation (2/23/2025)

Contrary to expectations that February has always been a green and positive month in Bitcoin history, this month is closing with a bearish monthly candle.We will probably have a lot of volatility in March. This volatility will start with the release of important data such as the NFP. According to recent economic data, the US economy has performed better than expected in 2024 but there are still signs of slowing growth in 2025.But in short, considering that in recent months, the NFP report has been stronger than expected, indicating a strong labor market, we expect to see continued strengthening of the dollar in March. This will cause Bitcoin to be pushed down for a quick downward move to fill the CME gap after a long period of range-bound trading. But this is not a cause for concern. Since this move is not a bearish signal but just a flash crash to attract liquidity, it will react to the area and immediately return to the top.Structurally, considering that we have bullish order flow on the HTF, there are technical signs that Bitcoin could have a downward correction.Bitcoin reached its target sooner than I thought. Updates will be provided separately in future articles.