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

Bitcoin has been in ana scending channel for a while but ever since the new all time high, some things make me doubt we see a continuation of the bull trend in the near term. -Volume has been declining the entire length of the channel -We saw a bump in volume but the effort didn't match. A lower volume red candle had the same impact on price. -The new all time high resulted in a third touch of bearish divergence on the MACD. Also the MA's are showing bearishness. -The RSI fell below the EMA and is now looking like it's resisting breaking through. We are clearly in a supply zone and all signs point to absorption and distribution taking place. 104k is the next level that will offer any significant support.