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Technical analysis by Maxpipspr0 about Symbol BTC: Sell recommendation (4/14/2025)

https://sahmeto.com/message/3412755
Maxpipspr0
Maxpipspr0
Rank: 27078

Short on BTCUSD

Sell
Price at Publish Time:
$84,565.28
Sell،Technical،Maxpipspr0

Bitcoin (BTC/USD) – Bearish Outlook Amid Economic UncertaintyWe anticipate a short-term bearish trend for BTC/USD, driven by escalating economic concerns and the recent resurgence of trade tensions. The imposition of new tariffs has negatively impacted market sentiment, contributing to downward pressure on Bitcoin. The current price structure also suggests limited bullish momentum, favoring another potential sell-off.From a technical perspective, forming a Bearish Butterfly Harmonic pattern further supports the expectation of a downward move.Trade Setup:Entry Level: 84,500Take Profit 1: 78,500Take Profit 2: 74,500We recommend monitoring macroeconomic developments closely, as further deterioration could accelerate the bearish trend.

Source Message: TradingView
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