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Technical analysis by Dezh about Symbol BTC: Sell recommendation (4/13/2025)

https://sahmeto.com/message/3408653
Dezh
Dezh
Rank: 3101
2.1
Sell،Technical،Dezh

Bitcoin is currently approaching a key downtrend resistance line that has been respected several times since early February. The price action suggests a potential rejection from this level, which could lead to a move toward the lower boundary of the broader descending channel.🔹 Bearish Scenario: If the resistance holds, we may see a continuation of the downtrend with possible targets near the $71K–73K region.🔹 Bullish Invalidator: A confirmed breakout above the trendline would invalidate the bearish setup and could signal a shift in market structure.⚠️ Watch price action closely around this level for potential rejection or breakout confirmation.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$85,287.88
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