Technical analysis by RICHINVESTOR about Symbol BTC: Sell recommendation (8/2/2025)

Bitcoin has officially broken down from its recent consolidation zone, closing below the critical 21 EMA on the daily chart. This move, combined with reversal signals on both the weekly and daily timeframes, suggests that downward pressure is intensifying. In this video, I’ll walk you through: • The candlestick patterns signaling reversal • The significance of the 21 EMA breach • Confirmed divergences from key indicators • What this means for short-term and long-term price action Whether you're holding Bitcoin or trading around it, this is a pivotal moment. The charts are speaking—are you listening?As at today 8/7/2025 BTC has retraced 0.618 from the beginning of the pullback. I don't expect any further upside from here. A candle open and close above $188k could signal a retest of the $120k to consolidate further on the weekly chart implying that the weekly MACD, RSI, STOCH Divergences have completed the correction. I have a stop loss at $188k for short entry.Guys, BTC will go much higher, there is no support for a short. Time to close all shorts