Technical analysis by mconqueror17 about Symbol BTC: Sell recommendation (2/28/2025)
https://sahmeto.com/message/3280599
mconqueror17
Rank: 24886
Analytical Power:
1.1

As we can see btc has broken out of the range displacing below major support level on the daily and closing below the standard 20% deviation range specified by the fib retracement.That shows significant bearish momentum and it is a clear sign of that the price is going for the inner liquidity in these large daily gaps that I have marked out as a one area.I expect the price to take out all the unswept liquidity possibly reaching prices like 61-64k in the upcoming days/weeks, after that I expect a trend reversal and a break out to the upside.
Translated from: English
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Signal Type: Sell
Time Frame:
1 dayPrice at Publish Time:
$81,626.62