Technical analysis by naumanfx_ about Symbol BTC: Sell recommendation (2/11/2025)

naumanfx_

🔻 BTC/USDT Short Setup - 30M Analysis 🔻Bitcoin has rejected a key resistance zone around $97,400-$97,550, showing signs of a bearish move. Price has failed to break above this supply area, and now a potential sell-off towards the sell-side liquidity range is in play.🔹 Entry: Around $97,400 (Retest of resistance)🔹 Stop Loss: $97,550 (Above supply zone)🔹 Target: $94,725-$94,711 (Liquidity sweep level)📉 Analysis Breakdown:✅ Price is reacting to a well-defined supply zone.✅ Bearish momentum increasing after liquidity grab.✅ Confluence with 50 EMA rejecting price.✅ High probability of price reaching liquidity range.Watching this trade closely—let me know your thoughts! 📊🔥#Bitcoin #BTCUSDT #CryptoTrading #PriceAction #TradingView #CryptoSignals 🚀