Technical analysis by UNIVERSOFSIGNALS about Symbol BTC: Sell recommendation (3/15/2025)

BTCUSD continues to form a downtrend after breaking the bullish structure on the weekly timeframe. There is no bullish driver yet, and technically, the price is heading to the global imbalance zone of 75-73KThe past crypto summit and any other talk of cryptovalt support cannot support the market. Such events end with further market decline.Technically, the market continues to form a downtrend (global counter-trend), based on this alone, we can say that the price is now going against the crowd and this is generally logical behavior. Globally, the zone of interest is located in the following zones - 75K, 73K and order block 69-66KLocally, I would emphasize the nearest liquidity zones, located at the top, which can be tested before the further fall: 86697, 89.397Resistance levels: 85135, 86678, 89397Support levels: 79987, 78173, 73512After the false break of 78K support there is no strong reaction, the market is forming a struggle for 84-85K zone, which generally indicates buying weakness. Before the further fall there may be a short-squeeze relative to the above mentioned zones of liquidity, which may lead to a further fall