Technical analysis by PIPsOptimizer about Symbol BTC: Sell recommendation (4/2/2025)

The chart suggests a potential bearish move after a rising wedge pattern breakdown.Key Observations:Rising Wedge Breakdown:BTC formed a rising wedge, which is a bearish reversal pattern.The price has broken down from this wedge, indicating a potential downtrend.Support and Resistance Levels:Resistance Zone: Around $88,188 – $88,792, marked as a key level where selling pressure may increase.Support Zone: Around $85,368 – $84,226, where buyers may step in.Target: $81,429 – $81,258, a strong support level where price could drop.Bearish Setup:The chart suggests a sell opportunity near resistance, expecting a downward move toward the target zone.Trading Idea:Entry: Sell near $88,000 after confirmation.Target: $81,429 – $81,258 (support zone).Stop-Loss: Above $89,991 (resistance zone).This setup suggests Bitcoin could decline further, making it a potential short trade opportunity. However, traders should watch for confirmation and overall market sentiment before executing trades.