Technical analysis by FOREX_QUEEN_10 about Symbol BTC: Sell recommendation (2/28/2025)

BTC/USD 1-Hour Chart Analysis: Potential Bearish ReversalKey Observations:Downtrend Continuation:The price appears to have been in a downtrend before a recent bullish correction.The Bollinger Bands indicate that the price is approaching the upper band, which might act as resistance.Bearish Rejection Zone:The red zone indicates a potential sell entry area.The price is currently within this resistance zone and is showing signs of rejection.Projected Price Movement:A downward move is expected if resistance holds.The first support level is around $82,032 - $81,543.A further decline towards $79,729 is possible.Indicators:Bollinger Bands suggest that price might be overextended on the upside.A possible breakdown below the mid-band (blue moving average) could trigger a stronger bearish move.Trading Insight:Bearish Bias: A short position could be valid if the price fails to break above resistance.Stop-Loss: Above $85,467 - $85,695 to invalidate the setup.Take-Profit Targets:First Target: Around $82,03Conclusion:This chart suggests a bearish reversal setup if resistance holds. A break above the resistance zone would invalidate the bearish outlook.🔴 Short Position (Sell Trade Active) Entry Price: Around $83,881 (within resistance zone) Stop-Loss (SL): $85,467 - $85,695 (above key resistance)