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Technical analysis by CakirInsights about Symbol BTC: Sell recommendation (5/17/2025)

https://sahmeto.com/message/3520856
Sell،Technical،CakirInsights

After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction.The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.📉 Structure: 5-wave impulsive move🟦 Support zone: ~$97,740🔵 Trendline: Currently under test📌 Bias: Bearish below trendline📅 Forecast Date: May 18, 2025⏳ Timeframe: 4HThis is not financial advice. Always manage your risk.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$103,202.5
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