Technical analysis by Sakoza about Symbol BTC: Sell recommendation (5/21/2025)

Key Technical Elements1. Rising Wedge PatternThe price is currently at the top of a rising wedge, a bearish reversal pattern.Wedge resistance is being respected.A fakeout (or deviation) above resistance seems to have occurred, implying exhaustion from buyers.2. Double Top / Lower High FormationTwo swing highs are marked with rounded tops.These can act as a liquidity grab or distribution pattern, followed by a sell-off.3. BOS (Break of Structure) and CHoCH (Change of Character)The chart shows multiple BOS and CHoCHs indicating shifts in momentum.The most recent CHoCH suggests bearish momentum reappearing after a BOS.4. Liquidity Zones / Demand BlocksSeveral demand zones are marked (blue boxes), and the path drawn suggests they may be swept.The target seems to be near the “Strong Low” region (~$102K), a major support level and liquidity zone.5. RSI Bearish DivergenceRSI shows a lower high while price made a higher high, a common bearish divergence.Suggests weakening bullish momentum.