Technical analysis by Frey_James about Symbol BTC: Sell recommendation (9 hour ago)

📉 Core Market Drivers The current trend of Bitcoin is jointly influenced by the following fundamental factors: China-US Trade Tensions: The renewed escalation of trade tensions between the U.S. and China has emerged as one of the key triggers for recent market volatility. Expectations for Fed Monetary Policy: Federal Reserve Chair Jerome Powell recently made statements hinting at a potential end to quantitative tightening (QT), which has offered some support to the market. The market’s implied probability of a Fed rate cut at the late-October meeting has surged to 99.6%. This macro backdrop has fueled expectations of looser market liquidity. 💎Trading Strategy Amid dual pressures from fundamentals and technicals, the risk of further price declines remains relatively high—though technical rebounds should not be overlooked. SELL @113000-113500 TP:111300-111000The trend is unfolding exactly as I analyzed.