Technical analysis by NunoSid about Symbol BTC: Sell recommendation (4/24/2025)

After failing to reach the projected 96.5K supply zone, BTCUSDT topped at 94.9K with a high-volume rejection and has since broken decisively below 93.3K — a critical VWAP support zone. This move validates the bearish continuation scenario and shifts the strategic focus from pullback-reload to downside targets and flow-based invalidation.Key Developments Since the Previous Report:🔻 Top Confirmed at 94.9K on April 23 at 13:38 UTC🔽 Delta at top: -266, aggressive selling🔽 OI peaked and started to stall❌ Failed to build continuation to 96.5K🔻 “Support” at 93.3K broken overnight (new low: 92.238 USDT)This eliminates the reload-long scenario and strengthens the short continuation thesis.Current Market Structure:BTC is now trading below VWAP and the previous high-volume breakout zone. The current structure resembles a distribution phase, not a simple pullback:🔻 Price below VWAP daily/weekly🔽 OI flat to slightly declining❌ Buy delta faded post-top, sellers back in controlTactical Outlook:With confirmation below 93.3K, the next key zone of interest is:🔹 91.800 USDT – Previous accumulation + POC zoneIf price stabilizes there with renewed buy delta + OI uptick, we can reassess for recovery. But for now, momentum favors sellers.Recommended Tactical Entry:Short Setup (Continuation):🔹 Sell limit at 93.100–93.300 (retest of broken support)🔹 Stop Loss: 93.850 (above VWAP and breakout candle)🔹 TP1: 91.800 (POC zone)🔹 TP2: 90.200 (gap support below)⚖️ R/R: 1:2.5 to 1:3Entry Conditions:Delta remains negative during retestOI does not rise (no renewed long positioning)Volume spike with no follow-through (inefficient move)Invalidation:If price reclaims 93.850 with increasing OI and buyer aggression, short thesis is invalidated.Alternative: enter aggressively after bearish rejection candle on 5–15min timeframe.Playbook:Short bias active unless:Price reclaims 93.8K with conviction (delta + OI surge)Daily closes back above VWAPUntil then:✅ Maintain shorts❌ Avoid premature longs⚡ Watch for volume spikes without delta = liquidity trapsConclusion:The failure at 94.9K combined with the clean break of 93.3K marks a transition from bullish continuation to controlled unwind. The market is now in distribution territory, and caution is warranted.Watch 91.8K closely.Author: Pôncio Pacífico Ex-institutional trader, banned from CEXs."Volume doesn't lie. Traders do."Follow for the next tactical flow shift.