Technical analysis by Mr_Zakrii about Symbol BTC: Sell recommendation (5/27/2025)

This chart shows a 1-hour time frame for Bitcoin (BTC/USD) on Bitstamp, with technical analysis indicating a potential bearish move. Here’s a breakdown of the chart:Price Range: The chart highlights a trading range between approximately $102,714 (support) and $112,053 (resistance), marked with yellow zones.Current Price: BTC is trading around $109,026.Bearish Signal: A blue arrow points downward, suggesting an anticipated drop in price.Pattern Suggestion: It looks like a potential double top or lower high is forming, signaling weakening bullish momentum.Target Zone: The arrow points towards the support zone around $102,714, implying that the chartist expects BTC to fall to that level.This type of analysis is often used for short-term trades and may involve setting stop-losses near $112,053 and profit targets near $102,714. Let me know if you'd like help interpreting this pattern further or backtesting the setup.