Technical analysis by Money_Trix about Symbol BTC: Sell recommendation (8/3/2025)

A Bitcoin short position based on Fibonacci levels and market sentiment is a trading strategy to profit from a price drop. It involves: 1. **Technical Analysis:** Using Fibonacci retracement levels (e.g., 61.8%) to identify a potential price reversal point after a bounce. 2. **Sentiment Analysis:** Confirming the reversal signal by checking for "extreme greed" in the market, which suggests overbought conditions and an impending correction. A trader enters a short trade when both signals align, expecting the price to fall from that key resistance level.