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

https://sahmeto.com/message/3278059
RocketBomb
RocketBomb
Rank: 5159
1.7
Sell،Technical،RocketBomb

Hey there, friends! 👋 Let’s take a look at what’s happening with Bitcoin right now. A double top is a bearish pattern that signals a potential trend reversal. It happens when price fails to break resistance twice, forming two peaks at a similar level, with a neckline (support) between them. How do we trade it? ✅ Short entry – after the neckline breaks (a retest of the neckline makes the setup even stronger). ✅ Stop-loss – above the second peak, in case of a fake breakout. ✅ Profit target – measure the height from the peak to the neckline and project it downward from the breakdown point. Extra confirmations: If RSI shows bearish divergence, that’s an extra clue the trend is weakening. Increasing sell volume on the breakdown makes the move more reliable. Key Levels to Watch 📍 Resistance: $100K–$102K – Bitcoin needs to break this zone for bulls to regain control. 📍 Support: $90K – This is the first critical area; losing it could accelerate the drop. 📍 Major Support: $84K – A key decision point for whether we see a bounce or further decline. What’s Next? 🔹 Bullish case: If BTC holds $84K and shows strength, we could see a move back toward $100K. 🔻 Bearish case: If the double-top pattern plays out and BTC loses $90K, we could be looking at a drop to $80K–$76K. 💬 What’s your take? Will Bitcoin bounce or keep dropping? Let’s discuss in the comments! 🚀 Stay tuned, my dear friends😍! Always Yours, Kateryna 💛We are near our last target! 😍 After it, we can expect some rise - a retest of the neckline is possible😉

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$87,309.65
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