Technical analysis by HexaTrades about Symbol BTC: Sell recommendation (2 hour ago)

Bitcoin has printed a bearish MACD crossover on the monthly timeframe, a signal that has historically aligned with the start of major market corrections. This pattern appeared during the 2018 top, again near the 2022 macro peak, and the chart now shows a similar bearish crossover forming once more. Each previous monthly MACD bearish crossover occurred after a prolonged rally and was followed by a multi-month downtrend. The current crossover resembles those same market conditions, suggesting that BTC may be entering a deeper corrective phase if history repeats. Key Highlights - Monthly MACD bearish crossover, historically signals macro trend reversals. -Similar crossovers occurred before the 2018 and 2022 bear markets. -Strong rejection candle near major resistance aligns with previous cycle tops. - Momentum weakening after an extended rally suggests potential for further downside. - Monthly timeframe signals carry high weight and can drive long-term market direction. Cheers Hexa