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Technical analysis by Aleks00000 about Symbol BTC: Sell recommendation (8/5/2025)

https://sahmeto.com/message/3709313
Aleks00000
Aleks00000
Rank: 8739

on weekly chart btcusdt long term short

Sell
Price at Publish Time:
$113,719.74
Sell،Technical،Aleks00000

According to the weekly chart it would say that btc is near or at the peak and in the next few weeks or months it will start to fall. As can be seen on the chart, if btc continues to follow the time interval of 202 bars and the fractal structure of the previous period, the next decline should last longer than a year. The lines of resistance in that case would be: 1. green line or about 90k 2. orange line or about 55k 3. red line or about 15k Disclaimer: This is not financial, investment, trade or other advice. This is my personal opinion which can very easily be wrong. You trade at your own risk.As expected, the price broke through the rising wedge, now we can expect confirmation and a drop to the 90k zone

Source Message: TradingView
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