Technical analysis by nothingchangehere about Symbol BTC: Sell recommendation (2/25/2025)
nothingchangehere

K5 break down the lower price of K0,It verified a downtrend bear market is trying to expand down.I have to close all my long positions at K4 to avoid the potential risk.And also, I will try to short it around 0.382-0.5fib area.If the following candles return back upon the uptrend line or K4,I will try to buy back.K4 is breaking the uptrend line and the neck line of the potential bear head. If K4 close below the neck line, The previous three years bull market will be terminated here.From K1 to K3, It is a strong bearish three soldiers advancing pattern. It is breaking the uptrend line and the neck line of a potential large scale bear head. The newly born downtrend is obviously accelerating here. If the following candles close below the neck line, The previous three years bull market will be terminated here. On the other hand, If the following candles close upon K3, I will try to buy back. Short-91.8K/Stop-94.4K/Target-74K Short-90.8K/Stop-94.4K/Target-74K