Technical analysis by mrsamfx81 about Symbol BTC: Buy recommendation (5/21/2025)

Weak Breakout Above ResistanceThe current move above the "SUPPORT ZONE" (previous resistance) appears shallow and indecisive.Lack of strong bullish momentum or volume may indicate a false breakout, which could reverse quickly.2. Rejection Wicks Near Key LevelsMultiple upper wicks (longer top shadows) in recent candles suggest seller presence near 106,500–107,000.This is often an early signal of a potential price rejection.3. Low Volume RallyThe recent price push is not supported by increasing volume, which weakens the credibility of the breakout.A bull trap scenario could be forming, drawing longs in before price dumps below the support zone.4. Support Zone Re-Test Could FailThe support zone is thin and may not hold under renewed pressure.A clean break below 105,000 would invalidate the bullish thesis and shift control to bears.5. MACRO & SENTIMENTAL RISKIf market sentiment shifts (e.g., rate hike fears, equity market correction), Bitcoin may follow broader risk-off trends and fall toward 100,000 or even the high 90K levels.📉 Bearish Scenario Projection:Break below 105,000 = confirms weakness.Next downside targets:102,000 (bearish zone)98,000 (prior range low)Possibly lower toward 94,000–96,000 demand blockTRADE ACTIVE