Technical analysis by HAMED_AZ about Symbol BTC: Sell recommendation (5 hour ago)

Hello Traders! 👋 What are your thoughts on BITCOIN? After setting a new high, Bitcoin failed to hold above the broken resistance zone and was rejected, falling back below the previously breached level. The ascending trendline has also been broken, and price is currently attempting a pullback to the broken structure. As long as BTC stays below the resistance zone, we expect a move lower toward the next key support levels. Bigger picture outlook remains bullish on higher timeframes, but in the short term, a deeper correction is likely. Invalidation: A strong breakout and daily close above the resistance zone would negate the bearish short-term scenario and resume the broader uptrend. Don’t forget to like and share your thoughts in the comments! ❤️