Technical analysis by s90ms90m about Symbol BTC: Sell recommendation (3/1/2025)

🔍 Key Chart Elements1. Supply Zone (Sell Zone) – Resistance ZoneThe supply zone is highlighted in the upper zone, around $86,000 to $88,000.This zone represents a strong resistance where sellers are active, preventing the price from rising further.Bitcoin recently tested this zone but failed to break through, resulting in a price rejection.2. Demand Zone (Buy Zone) – Support ZoneThe demand zone is located in the lower zone, around $69,000 to $67,000.This is a historical support level where strong buying interest is expected.If Bitcoin reaches this level, a potential bullish reversal could occur.📉 Bearish Price PredictionThe chart contains a downward arrow, indicating an expected bearish move from the supply zone to the demand zone.Reasons for the expected drop:BTC is struggling to gain momentum above $86,000, showing signs of weakness.The recent bearish candles indicate an increase in selling pressure in the market.Failure to break through the resistance level increases the probability of a drop.Price Targets:First Target: Around $74,000, a potential minor support level.Second Target: Around $69,000, in line with the demand zone, which may act as a strong support level.🔄 Potential Alternative Scenario – Bullish Breakout (Low Probability)If BTC manages to break above the $88,000 resistance level, it could trigger a bullish rally.In this case, the next targets would be $92,000 and $96,000.However, given the current market structure, this is unlikely to happen unless the buying momentum increases significantly.