Technical analysis by MrDorea about Symbol BTC: Sell recommendation (5/1/2025)

In my opinion we are forming an extended right shoulder on the weekly 1 Scenario: It's expected to see an impulse to 107-112k area but I wouldn't buy spot/long btc in here under any circumstance. Based on weekly RSI, we might top somewhere there, or sooner 2 Scenario: We don't go above 100k and start a sudden move down, as SPX just retested it's previous highs and a retrace is expected as well. Regarding Altcoins, if btc goes above 115k, it's worth the risk with proper management but not sooner, or you risk being the exit liquidity in a very big downward move. Or, btc retraces to sub 80k and we have one more leg left of 20-30% on alts before doom