Technical analysis by KeN-WeNzEl about Symbol BTC: Sell recommendation (5/20/2025)

BTCUSD Trade Setup Analysis BTCUSD 1. Trend Analysis - Price Action: BTC is in a strong uptrend, with recent highs near **105,819.00**. - RSI (14): 72.88** (approaching overbought, but no divergence yet). - MACD: Bullish but showing potential slowing momentum (histogram decreasing). - **Key Levels:** - Support: 82,447.57 (previous resistance turned support). - Resistance: 105,819.00 (current high). 2. Entry Precision - Price Action: Recent rejection from **108,104.70** (lower high) with a drop to **104,834.80**. - RSI (14): 58.39 (neutral, slight bearish bias). - MACD: Bearish crossover (249.955 → 241.911). - **Key Levels:** - Resistance:108,104.70 (recent high). - Support: 104,834.80 (immediate level). 3. Confluence - Price Action: Downtrend in shorter timeframe, with price below **106,237.30**. - RSI (14): 50.6 (neutral, leaning bearish). - MACD: Positive but weakening (41.156). - **Key Levels**: - Resistance: 106,237.30 (recent high). - Support: 102,928.15 (next key level). --- **Trade Idea: Short-Term Bearish Pullback** Entry:- Short near 105,820.00 (daily resistance confluence with 15M rejection). Stop Loss (SL): - 106,300.00 (above recent 3M high) Take Profit (TP): - TP1: 104,834.80 (15M support, 1:2 RRR). - TP2: 102,928.15 (3M support, 1:4 RRR). (IDEAL)