Technical analysis by ForexOptimizer about Symbol BTC: Sell recommendation (3/17/2025)

This is a 4-hour chart of Bitcoin (BTC/USD) showing a key resistance level around $86,527 and a potential bearish move towards lower support zones.Analysis:Price is currently trading near the resistance zone, struggling to break above it.A sell setup is suggested, expecting rejection from resistance.The first target is around $78,500, with an extended downside target at $75,869 and possibly $71,580 if momentum continues.A stop-loss level is placed above resistance at $86,527, indicating a risk management strategy.The overall structure suggests bearish sentiment unless price breaks above resistance.Potential Trading Plan:📉 Bearish Scenario:Short below resistance confirmation.Targets at $78,500, $75,869, and $71,580.Stop-loss above $86,527.📈 Bullish Scenario:A break and close above $86,527 could invalidate the bearish setup.