Technical analysis by MasterAnanda about Symbol BTC: Sell recommendation (5/30/2025)

MasterAnanda

Bitcoin is still bullish. A higher low is a bullish development. If Bitcoin stops bleeding at around a price of $88,888.88 this would be a strong, perfect, higher low compared to 7-April and it would match perfectly a classic correction because this price sits at the Fibonacci golden ratio.Good afternoon my fellow Cryptocurrency trader, timing is important and we got perfect timing on this retrace. How far down will it go?It is still too early to say but we know that below $74,500 isn't possible because that's the last low. $78,000 is possible but not necessary so we are betting that the lowest ever will be above $80,000. Remember, Bitcoin will never ever trade below $80,000 in its history. Sorry, but these prices are gone, nobody can buy this low again.There is good news though. You can still buy when the next low is established.It is impossible to predict the exact price when Bitcoin will stop dropping, but it is possible to see a support level being developed. So when the next support is in, we can cover (close the SHORT) and go LONG again.Pretty simple. Buy when prices are low, sell when prices are high.A new all-time high is pretty high and thus we sell (sold).When the next support level is established, we buy again. Thanks a lot for your continued support.Each Altcoin needs to be considered individually because some will grow while others move down. We are more advanced now in this bull market cycle. You can visit my profile for more.Namaste.Please keep in mind that if $100,000-$102,000 holds, there is no correction. Current action would be considered a retrace only. Some either signals are pointing to this possibility.Any trading above 100/102,000 and Bitcoin is considered super-bullish and the retrace short-lived. A short-term event, noise. On the other hand, if 100,000$ breaks as support, prepare for a strong correction.Namaste.