Technical analysis by YUKIOTRADER90 about Symbol BTC: Sell recommendation (4/29/2025)

Key Observations:Current Price Action:BTC is currently trading around 95,361 USDT.The chart shows consolidation near this price level with some choppiness and small fluctuations.Bearish Setup:A potential short setup is illustrated with a projected downward movement (blue arrow).Target Price (TP) is marked around 93,500, suggesting a bearish outlook in the short term.Resistance Zone:The red shaded area near the 95,600 mark indicates a strong resistance zone, which has been tested multiple times without a breakout.A double top pattern seems to be forming around that resistance, signaling a possible reversal.Support Zones:93,500: Immediate support and take-profit zone for the short trade.92,743 and 91,749: Deeper support levels marked on the chart, possibly longer-term or secondary targets if price breaks below 93,500.Market Structure:Price appears to be forming lower highs, a bearish sign.The outlined path with descending zigzag lines confirms a bearish bias in structure.Conclusion:The chart indicates a short bias for BTC/USDT with:Resistance: 95,600 areaTarget: 93,500 in the short term, possibly extending to 92,743 or lower if bearish momentum continues.Validation: This scenario is likely if BTC fails to break above 95,600 and continues to form lower highs.Would you like a risk-to-reward analysis or suggested stop-loss placement for this trade?Wow 40ppis hit use break evenWow 180 pips done