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Technical analysis by DeGRAM about Symbol BTC: Sell recommendation (15 hour ago)

https://sahmeto.com/message/3997758
DeGRAM
DeGRAM
Rank: 93
3.3

DeGRAM | BTCUSD seeks to the $80k

Sell
Price at Publish Time:
$87,938.1
Sell،Technical،DeGRAM

📊 Technical Analysis ● BTC/USD remains under a descending dynamic resistance after a series of bear flags and a completed triangle breakdown. The failure to reclaim and hold above the 90,000 resistance confirms bearish continuation within the broader downtrend. ● Price is compressing below former support turned resistance, with momentum favoring a move toward the major demand zone near 80,000–82,000. Any rebounds toward 90,000 are viewed as corrective while below the resistance line. 💡 Fundamental Analysis ● Bitcoin faces pressure from tighter global financial conditions and reduced risk appetite, with capital rotating away from high-beta assets amid yield support for USD. ✨ Summary ● Bearish structure intact. Key resistance: ~90,000. Downside target: 80,000–82,000. Invalidation above descending resistance. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!

Source Message: TradingView
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