Technical analysis by fsanalysis6 about Symbol BTC: Sell recommendation (5/29/2025)

This chart showcases the recent price movements of **BTCUSDT**, analyzed using a structure-focused strategy with clearly marked reaction zones and directional shifts.--- 🔍 **Key Structural Highlights:*** **Multiple Breaks of Structure (BOS)** and **Change of Character (ChoCH)** events highlight transitional phases in price momentum.* The **latest BOS** confirms a potential short-term push upward after forming a recent low near the demand zone.---### 📉 **Active Trade Setup (Sell Bias):*** **Planned Entry**: 110,900* **Stop Level (SL)**: 111,600* **Target Objective**: 106,700This suggests a setup expecting price to reject from the current premium zone and revisit prior demand levels.---### 🗺️ **Zone Mapping:*** **Supply Region (Red Zone)**: * Located between 110,900 – 111,600 * Marked by previous price rejections and weak structural high.* **Demand Region (Blue Zone)**: * Clustered between 106,700 – 107,500 * Includes the **Strong Low**, indicating a historically significant reaction point.---### 📊 **Structural Summary:*** **Current Market Position**: Retracing upward into a potential reaction zone after BOS from a lower high.* **Bias**: Short-term bearish, as the setup aligns with a rejection from an untested supply zone.* **Outlook**: * A strong push into the 110,900 level may trigger short interest. * If price fails to reject and breaks above 111,600, bearish idea invalidated.🔄 **Market Structure*** **Recent Break of Structure (BOS)** to the upside after forming a local bottom near the **Strong Low** zone.* However, the broader structure still reflects **lower highs and lower lows**, indicating a prevailing **bearish market context** unless key highs are taken out.---### 📌 **Key Price Levels*** **Entry Level**: 110,900 (Planned Short Entry)* **Stop Level**: 111,600 (Above Weak High)* **Target**: 106,700 (Near Strong Low)---### 🟥 **Supply Zone (Potential Reversal Area)*** The red zone between **110,900 – 111,600** marks a high-interest area where selling pressure previously dominated.* Includes the **Weak High**, which may act as a liquidity target or reversal point.---### 🟦 **Demand Zone (Support Area)*** Broad blue demand zone spans from **106,700 to around 107,500**.* Includes a **Strong Low**, suggesting institutional interest or major participant support in the past.---### 📊 **Current Price Action*** Price is at **108,497.99**, gradually climbing after a BOS and ChoCH near the demand zone.* Bullish momentum is visible short term but facing a **critical test near 109,000–110,900** where previous equal highs and BOS occurred.---### ⚠️ **Scenario Outlook**#### 🔼 If price reaches **110,900 – 111,600**:* Expect possible rejection and continuation downward toward 106,700.* Confirms short setup with high risk-to-reward.#### 🔽 If price **fails to reject** and closes above **111,600**:* Setup invalidated.* May signal further bullish continuation and potential trend shift.---### ✅ **Bias**:* **Short-term bullish**, but **medium-term bearish setup** is in place.* Trade idea hinges on rejection from supply and respect of the current structure.