Technical analysis by ONE1iMPACT about Symbol BTC: Sell recommendation (5/3/2025)

Looking at the Bitcoin/TetherUS chart from TradingView dated May 3, 2025, I can see a clear short-term bearish trend forming with several notable technical patterns.The price is currently around $96,158.01, showing a decline of -0.17% with a volume drop of -0.75%. Let me correct my analysis for a short position:KEY Technical Observations- A descending channel has formed after rejection from the $97,200 resistance level- Price is breaking down from a consolidation area around $96,327-$96,419- The green shaded area indicates a projected downward movement targeting $95,349.80- Consecutive red candles with increasing body size suggest accelerating bearish momentumTrading Opportunity - SHORT POSITIONThis setup presents a bearish continuation pattern with the following take-profit targets:- TP1: $95,800 (initial target within the projection)- TP2: $95,350 (projected bottom as indicated by the green zone)- TP3: $95,200 (key horizontal support line)Entry point for shorts would be on any retest of the $96,327 resistance (previous support now turned resistance).Creative Strategy: The Emerald DescentThe green projection zone appears to be forecasting a controlled drop toward the $95,200-$95,350 area. This well-defined bearish channel presents an opportunity to ride the momentum down to these targets.Set a stop loss above $96,600 to protect against unexpected upside movements.The declining volume (-0.75%) suggests this move is a continuation rather than a panic sell, making it a more predictable technical play rather than an emotional reaction.TP done