Technical analysis by Candydreamz about Symbol BTC: Sell recommendation (5/11/2025)

Price recently formed a higher high (Peak 5) compared to a previous high (Peak 3), but the MACD histogram shows a lower high during the same period. This is a clear bearish divergence, signaling weakening bullish momentum.Following the divergence, price has started to pull back and is now hovering around the support zone near $103,000. If this support fails to hold, BTC may continue to correct lower.Key Levels to Watch:•Support: $103,000•Resistance: $104,000 – $104,500•Bias: Bearish in the short term due to divergence and rejection at the recent high.Traders should wait for confirmation—a break below support could open room for further downside.