Technical analysis by mudusir about Symbol BTC: Sell recommendation (5/8/2025)

Price Action Alert on #BTC/USDT (4H Timeframe) #Bitcoin recently broke down from a rising wedge, a classically bearish pattern. Alongside this, we've also identified a bearish RSI divergence, further validating potential downside momentum. Key Observations:🔺 Rising wedge breakdown confirmed📉 Bearish divergence on RSI (4H)🔁 Price is now retesting the broken wedge from below (a classic bear signal!)⛔️ Still holding above a key horizontal support — watching for a clean break here for confirmation📌 Bearish Trade Setup (Waiting for Confirmation):Entry: Below key support zone (marked on chart)Target 1: $84,300Target 2: $75,000Stop-loss: Above wedge breakout point (100,500)💼 Always follow proper risk management!🧠 Why This Matters:The combination of pattern breakdown, bearish divergence, and a retest zone is a powerful signal — but patience is key. We wait for full confirmation (support break) before executing any short trade.📣 What do you think — will #BTC break the support or bounce back? Drop your thoughts in the comments! 🗣️If you found this analysis helpful, like, comment, and follow for more real-time setups! 🚀#BTC #Bitcoin #CryptoAnalysis #PriceAction #Bearish #ShortSetup #RisingWedge #TechnicalAnalysis #CryptoTrading #TradingViewTrade is cancel, its not valid.