Technical analysis by MarxBabu about Symbol SPYX: Sell recommendation (2/5/2025)

🚀 BTCUSD Analysis: Preparing for a Potential Move 📉 Analyzing BTCUSD across multiple timeframes – **Weekly**, **Daily**, and **4-hour** – suggests a bearish correction is imminent. 📉 Current Price:** $97,706** Potential Target:** $94,000 - $92,500 zone** 🔻 Key Levels to Watch: 🔹 **Immediate Support:** $95,000 - $94,000 🔹 **Resistance:** $100,000 - $102,500 🔒 Suggested Stop Loss:** Above $102,000** 📊 Technical Signals: 🔸 **RSI Overbought:** Indicates a possible correction 🔸 **Lower Highs:** Suggests weakening bullish momentum 🔸 **Bearish Divergence:** Detected on the 4-hour chart Pine Script® BTCUSD shows a clear downtrend, with potential for further downside after breaking the $95,000 support. **Bearish View:** Expecting a drop toward the $92,500 range if support at $95,000 fails. **Bullish View:** Breakout above $100,000 may resume the uptrend. ⚠️ **Note:** If BTCUSD falls below $92,500, we could see an extended bearish correction. ⚠️ 🔔 **Be sure to follow updated ideas for real-time insights!** 🔔 ⏰ **Analysis Time:** BTCUSD across multiple timeframes. ⚖️ **Always set a Stop Loss** to protect your capital! 🚨