Technical analysis by Johnson67 about Symbol BTC: Sell recommendation (5/28/2025)

Asset: Bitcoin (BTC/USD)Timeframe: 4-hour (4h)Platform: TradingViewPrice Range: Chart shows BTC trading around $108,998.31---🧠 Technical Concepts Used:🔁 Market Structure Terms:BOS (Break of Structure):Located on the left side, indicating a shift in trend direction.Signifies a strong bearish break, typically following a bullish run, possibly initiating a new bearish phase.CHOCH (Change of Character):Mid-chart, near a significant support zone.Indicates a potential bullish reversal or accumulation phase after a downtrend.HH/HL (Higher Highs/Higher Lows):Indicate an uptrend following the CHOCH area.Bullish market structure forming a channel.---🟩 Zones & Targets:🔲 Support and Resistance Zones:Support Zone: Marked near the bottom (~$82,000–$85,000 range)Resistance Zone: Near the top (~$110,000 area), where price currently hovers🎯 Targets and Forecast:First Target: Mid-level demand zone around ~$96,000–$98,000Final Target: Strong demand zone around ~$92,000Price Path Projection:Suggests a potential drop from current levels (Red arrow)Temporary bounce at first target, followed by another drop to final targetAfterwards, a potential bullish retracement or reversal---📐 Technical Patterns & Tools:Trend Channel: Price is moving inside an ascending parallel channel.Arrow Markings:Show a forecast of retracement and potential consolidation or reversal.Liquidity Zones: Highlighted zones suggest institutional interest areas where price may react significantly.---📅 Timestamp and Device Info:Chart Date/Time: Sunday, 25th May 2025, 12:00Current System Time: 10:21 PM, 27th May 2025Platform: Dell Laptop with Windows OS---✅ Summary Like a Pro:> "The BTC/USD 4H chart presents a classic smart money setup. Following a break of structure (BOS) and change of character (CHOCH), the price entered a bullish structure forming higher highs. Currently, price action is in a premium zone nearing resistance, suggesting a potential bearish move targeting the first demand zone around $96,000 and final institutional support near $92,000. A corrective retracement is expected before any significant bullish continuation, aligning with key liquidity and order block zones."200 pips runing profitfirst target compelete 300 pips we will wait for more