Technical analysis by ayushpanchal92 about Symbol BTC: Sell recommendation (3/28/2025)

BTC is currently testing a key demand zone near the $84,800–$85,200 range, aligned with the ascending trendline support. This area has previously acted as a launchpad for bullish moves, making it a critical level to watch. 📌 Scenario 1 (Bullish): If price holds above the yellow support zone and the trendline, we could see a bounce towards $86,800–$88,500. Confirmation: Bullish engulfing on lower timeframe or break above local resistance. 📌 Scenario 2 (Bearish Breakdown): If BTC breaks below the trendline + demand zone, we may see a sharp decline toward $83,000–$82,000. Watch for a retest of broken support as resistance. 🧠 Plan: Wait for confirmation. No rush entry. Entry will depend on price action and reaction to this confluence zone. Risk management is key with proper SL below/above zones. Let me know your views in comments!