Technical analysis by tradexict about Symbol BTC: Sell recommendation (4/5/2025)

Overall Market Trend:The chart shows a long-term bullish trend from 2023 up to early 2025.However, since the high at 110,994 USDT, we can observe a local downtrend, confirmed by multiple market structure breaks (CHoCH and BOS).Market Structure:Several Breaks of Structure (BOS) to the downside indicate the start of a mid-term bearish correction.The yellow ascending trendline is still intact, serving as a dynamic support level.The price is currently consolidating near the Equilibrium zone (~80,000 USDT).🔍 Support and Resistance Levels:Support:80,000 USDT – Equilibrium zone and trendline.72,773 USDT – Fibonacci 61.8% level.64,000–66,000 USDT – Strong demand/order block zones.49,140 USDT – Full 100% Fibonacci retracement, key long-term support.Resistance:86,800 USDT – Previous Day’s High (PDH).90,709 USDT – Fibonacci 32.8% retracement.96,398 USDT – Fibonacci 23.6% retracement.110,994 USDT – Local all-time high.🎯 Short-Term Price Prediction (Next 1–2 Days):The price is currently around 83,600 USDT, consolidating sideways.Near-term target range:Upside: Around 86,800 USDT (PDH).Downside: If broken – heading toward 80,000 USDT.📉 Short Entry (Sell Setup):Entry zone: Between 86,500 – 87,000 USDT (PDH/PWH).Take profit: Around 80,000 USDT.Stop loss: Above 87,200 USDT.📈 Long Entry (Buy Setup):Entry zone: Between 79,800 – 80,200 USDT (PDAL + trendline support).Take profit: Between 86,000 – 87,000 USDT.Stop loss: Below 78,500 USDT.🔻 Lowest Expected Price:If 80K is broken, next strong support is at 72,773 USDT.Further drop may reach 64,000 – 66,000 USDT demand zones.In a worst-case macro scenario: 49,140 USDT.🔁 Expected Reversal Zone:A potential bullish reversal could happen around 72,773–73,000 USDT if a bullish candlestick pattern (e.g., hammer with confirmation) appears.Alternatively, an earlier reversal is possible around 80,000 USDT, if supported and followed by a BOS to the upside.🧠 Additional Notes:The chart uses:Smart Money Concepts (SMC) – BOS, CHoCH, FVG.Premium & Discount zones – price is near equilibrium (EQ).Clear demand/supply blocks.Volume has been relatively low recently – watch for volume spikes to signal potential strong moves.