Login / Join

Technical analysis by Rome8490 about Symbol BTC: Sell recommendation (4/8/2025)

https://sahmeto.com/message/3399382
Sell،Technical،Rome8490

Bitcoin's recent price action shows a failure to establish a higher high after an attempted liquidation. The price encountered significant resistance around the $82,000 zone, leading to multiple rejections at this potential support level. Subsequently, there was a decisive break below the $82,000 zone, leaving behind a Fair Value Gap (FVG) in its wake. Following this breakdown, the price retraced back into this FVG, presenting a potential opportunity for a short-term sell entry. The targeted area for this trade is a lower order block situated around the $68,000 zone. This scenario suggests a bearish continuation bias after the failed breakout and the filling of the inefficiency created by the initial downward move.

Translated from: English
Show Original Message
Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$76,427.47
Share
Signals
Top Traders
Feed
Alerts