Technical analysis by AzrulAzir about Symbol BTC: Sell recommendation (2/26/2025)

Referring to the previous analysis, BTCUSD remains in a dominant bearish trend, currently testing a critical support zone at the lower boundary of the double channel pattern. If the $86K level holds as a support, a potential short-term bullish retracement towards the upper boundary of the double channel at $96.8K may occur. However, failure to sustain above $86K could trigger further downside pressure, with the next key support levels positioned at the Fibonacci retracement level of $74.6K. In a worst-case scenario, a deeper breakdown could drive BTCUSD towards the major support at 52K , a historically significant demand zone within the long-term market structure. Traders and investors should closely monitor price action and volume dynamics around these critical levels to anticipate the next potential move. Previous analysis