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Technical analysis by smayshsmizz about Symbol BTC: Sell recommendation (3/20/2025)

https://sahmeto.com/message/3366954
Sell،Technical،smayshsmizz

Its been a while. The .5 target on the Fibonacci retracement has been hit from the weekly candle on the 3rd of May 2025. The 1.618 would be the next macro target down around 71k if we cannot break back above 90K soon and hold. The untagged golden pocket from the week of Nov 4th 2024 would line up as the next major support area. The 10SMA crossing the 20, rising price on falling volume and RSI looking like it is about to reject at the 50 all support this downward momentum sooner than later. Hopefully this info helps anyone investing or trading manage their finances accordingly. Thanks for your time. Good day, be well and abundance. All glory goes to The Most High.

Translated from: English
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Signal Type: Sell
Time Frame:
1 week
Price at Publish Time:
$85,984.45
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