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

Key Observations:Breakout from Consolidation:BTC has successfully broken above a key resistance zone (~88K–90K).The breakout is supported by strong bullish momentum, indicated by a large green candle.Fair Value Gap (FVG) Zones:Multiple FVG zones (5m, 15m, 30m) are marked, which may act as potential support on a retracement.BTC might retest these FVG areas (~89K–91K) before continuing higher.Order Block (OB) Retest Possibility:A previous order block (OB) zone (~87K–89K) is still relevant and may act as support if BTC retraces deeper. This would be a bullish retest, confirming support before the next move up.Projected Path:BTC may pull back into the FVG zones or OB before bouncing.Once support is confirmed, BTC is likely to resume its uptrend towards 100K+.Bullish Scenario:If BTC stays above 89K, the trend remains bullish.A breakout above 95K–96K would confirm a move toward 100K+.Bearish Invalidations:If BTC breaks below 87K, it may test lower levels before resuming bullish momentum.Losing 85K could delay the rally significantly.Conclusion:BTC is bullish, but a short-term retracement is expected.The best entry would be a successful retest of the FVG or OB zones (~88K–91K).If confirmed, expect BTC to push towards new all-time highs with a target of 100K–110K. 🚀