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Technical analysis by RICHINVESTOR about Symbol BTC: Sell recommendation (7/22/2025)

https://sahmeto.com/message/3651850
RICHINVESTOR
RICHINVESTOR
Rank: 1478
2.5
Sell،Technical،RICHINVESTOR

we examine a classic battle of signals: the daily chart reveals a dominant shooting star candle—hinting at overhead resistance and possible downside risk—while the 4-hour setup unfolds a bullish pennant triangle, often a prelude to continuation moves. This presentation balances caution with opportunity, highlighting key breakout zones, invalidation points, and what traders should watch next. As Bitcoin hovers at this technical tension point, will bulls find the strength to punch through? Unfortunately bulls have been faked out and we currently have a confirmed candle open and close below the 50EMA on 4H. This confirms a strong pullback initiated by the shooting star on the daily chart to a potential target of $114k.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$116,496.78
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