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

Bitcoin has confirmed a breakdown from the ascending structure after failing to hold above the mid-range support near 95K. The rejection from the 96,124 resistance zone (highlighted in red) combined with a clean break of the diagonal support suggests bearish momentum is building. 🔻 Position: We have entered a short at 94,850, following the rejection and loss of bullish structure. 🎯 Target 1 (TP1): Our initial target lies around 92,000, which aligns with the lower blue demand zone — a key area where we expect price to react. This zone also coincides with prior consolidation and horizontal support. 🧠 Scenario Planning: If BTC holds 92K and shows bullish reaction (e.g., bullish engulfing, volume spike), we’ll consider partial profit-taking and reassess for a possible bounce. A clean breakdown of the 92K level could open the door for further downside toward the next major demand zone below ~88K. 📐 Technical Confluence: Break of structure & ascending trendline Strong supply rejection from 96K Bearish momentum sustained with lower highs 🔁 Trade Plan: ✅ Follow trend confirmation; don’t enter blindly 📏 Always place stop-loss above invalidation zones 📊 Monitor price action and volume near 92K for clues 🧠 Don’t FOMO — patience over impulse ⚠️ Risk Management Reminder: Trading is probability-based — manage your risk accordingly. Use proper position sizing, place stop-losses, and never risk more than 1–2% per trade. This analysis is not financial advice; always do your own research (DYOR).