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 trendlineStrong supply rejection from 96KBearish 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).