Technical analysis by Juliia about Symbol BTC: Sell recommendation (21 hour ago)

BTC has reached a new high, clearing out short positions, but it’s still within the wedge pattern (a technical trend-reversal formation). Volumes indicate a weakening of momentum and the approach of a potential correctionWhy the 70–80k level? The wedge pattern, according to classical technical analysis, typically retraces a percentage of the wedge itself if there’s a breakout (target mark ~113k). Fibonacci levels are also a classic tool in technical analysis, and they work because everyone watches them. A healthy correction is around 50%, which puts the zone near 72k. There’s a strong support level in the 72–80k zone. I don’t expect a one-shot move upward, though it’s not impossible. I remember cases of panic selling even worse than this. Let’s hope it ends with a sideways range above 100k. In any case, fear and panic are the right environment for buying — not euphoria built on illusions and self-deception.