Technical analysis by Captain-MM8 about Symbol BTC: Sell recommendation (21 hour ago)

Wait for the Final Stage of Bitcoin's Sharp Decline For weeks, Bitcoin has been moving inside a well-defined downward regression channel, showing a consistent pattern of lower highs and lower lows. Now, after several rejections from the upper boundary near $94,000, the market is signaling that the final stage of the current bearish correction is about to unfold. Key Observations: $94,000 remains a confirmed resistance level where strong selling pressure is visible. Price behavior continues to respect the regression channel's bearish slope. The repetitive nature of Bitcoin's price patterns - as seen in previous cycles - suggests we are about to enter the last sharp drop of this correction phase. If the historical pattern repeats (as highlighted in my earlier analysis "History Repeats Itself"), Bitcoin could soon extend its decline toward the $75,000-$78,000 area. This zone aligns with the final structural low before a potential major bullish reversal. Once this support range is tested and confirmed, it's expected that Bitcoin will begin a strong recovery, possibly marking the start of the next macro uptrend. Technical Summary: Trend: Bearish continuation nearing completion Resistance: $94,000 Target Zone: $75,000 - $78,000 Outlook: Expect one final sharp decline before the next bullish phase begins Every cycle ends the same way - fear peaks just before the reversal. Stay patient, stay prepared.