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

https://sahmeto.com/message/3387571
PIPsOptimizer
PIPsOptimizer
Rank: 1737
2.4
Sell،Technical،PIPsOptimizer

Market Overview:Bitcoin is trading at $84,185, showing a +1.63% increase. The price action suggests a potential breakout towards the upside.🔹 Chart Structure:BTC has been consolidating in a range-bound structure after a sharp upward move.Previous rising wedge patterns led to corrections, but the price is holding key support levels.A breakout setup is forming with a target towards $88,500 – $90,000.🔹 Key Levels to Watch:✅ Resistance: $85,249, $86,934, $88,500, $90,000✅ Support: $82,000, $81,400🔹 Potential Trade Setup:📈 Bullish Scenario:If BTC holds above $84,000, a push towards $86,500 – $88,500 is likely.A breakout above $88,500 could lead to $90,000+.📉 Bearish Scenario:If BTC rejects $85,000, a pullback to $82,000 – $81,400 may occur before another move up.🔹 Conclusion:Bias: Bullish above $84,000Target: $88,500 – $90,000Invalidation: Below $81,400Would you like a more detailed trade plan with stop-loss and entry points? 🚀

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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$84,064.09
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