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Technical analysis by ProcessAndIntercept about Symbol BTC: Sell recommendation (3/7/2025)

https://sahmeto.com/message/3299308
ProcessAndIntercept
ProcessAndIntercept
Rank: 5472
1.7
Sell،Technical،ProcessAndIntercept

In my previous analysis (https://www.tradingview.com/chart/BTCUSD/S0wt5paU-BTCUSD-Bearish-Pattern-Meets-Bullish-Liquidity-What-s-Next/), I outlined a potential Head & Shoulders formation that could lead to a bearish move. So far, price action has followed this structure accurately.Key Developments:✅ The right shoulder seems to be forming as expected.✅ Price grabbed liquidity above $92,500 before reacting downward.✅ A double top has formed, adding further bearish confluence.What’s Next?If the market respects this pattern, a break below the neckline could confirm a continuation lower, with a potential target at $59,117, aligning with the full Head & Shoulders projection.Conclusion:So far, this setup is playing out perfectly. If bearish pressure continues, we could see a deeper decline. However, a sustained move above $95,150 would invalidate this scenario.🔔 Do you see BTC following this path, or do you expect a bullish surprise? Drop your thoughts below!

Translated from: English
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Signal Type: Sell
Time Frame:
12 ساعت
Price at Publish Time:
$84,312.97
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