Technical analysis by Kene247 about Symbol BTC: Sell recommendation (5/12/2025)

This BTCUSDT chart reveals that Bitcoin has been trading within a clear ascending channel. This pattern typically suggests bullish momentum, with price making higher highs and higher lows. However, the most recent price action shows a decisive break down below the lower trendline of this channel. This breakdown suggests a potential shift in the short-term bias from bullish to bearish.The setup strongly suggests a short trading opportunity. The breakdown from the ascending channel, coupled with the potential supply zone above, provides a bearish setup.Entry: A potential entry point would be a retest of the broken lower trendline of the channel or within the highlighted red supply zone.Target 1: The immediate target is the horizontal purple support level around 96,000.Target 2: If the 96,000 support breaks, the next target would be the stronger horizontal yellow support level around 91,000.Kindly support this analysis to enable it reach to other people, and do comment your thoughts.