Technical analysis by Se7enSkies about Symbol BTC on 2/18/2025

I don’t think we need to over complicate things here. Yes, the overall price action is confusing many of us, but I think the point here is to simplify a complicated matter. You got a downtrend line indicating resistance and an uptrend line indicating support, which is forming a symmetrical-like triangle. If you want to short btc you wait for the price to go below support where sellers will pour in, and if you want to long btc then you’ll need to wait for price to brew above the resistance trend line. I believe that’s where buyers will pour in. Many do not want to wait for this structure to complete and want to open up their trades, but I think patience is a virtue in times like this.