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Technical analysis by FM-ForexMastermind about Symbol BTC: Sell recommendation (7/9/2025)

https://sahmeto.com/message/3621535
FM-ForexMastermind
FM-ForexMastermind
Rank: 231
3.2
Sell،Technical،FM-ForexMastermind

🔔🔔🔔BTC/USD news: ➡️ Bitcoin continues to trade below the 109,000 level, with a new all-time high above 112,000 remaining elusive due to strong resistance around the 110,000 mark.➡️ The total cryptocurrency market capitalization has edged up 0.3% to $3.36 trillion, while the Fear and Greed Index stays at 50, reflecting a neutral sentiment as investors await a major catalyst.➡️ Bitcoin is currently supported by mild risk-on sentiment across global markets, following President Trump's letters to over a dozen countries outlining higher tariffs—though he also postponed the implementation deadline. The extension to August 1 and Trump's remarks signal a willingness to negotiate have helped sustain interest in risk assets like Bitcoin and U.S. equity futures.Personal opinion:➡️ BTC continues to fluctuate in the trend zone and below 109,000 today as USD maintains its strong upward momentum. And wait for the US FOMC meeting minutes to assess the next direction of the Fed's interest rate➡️ Analysis based on support resistance levels combined with Pivot points and EMA to come up with a suitable strategyPersonal Plan:🔆Price Zone Setup:👉Buy BTC/USD 108.30 - 108.20❌SL: 107.80 | ✅TP: 108.90FM wishes you a successful trading day 💰💰💰

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$108,744.09
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