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

This chart is a 30-minute candlestick chart for Bitcoin/USDT (BTC/USDT) on Binance, published by Mr_Zakrii. Here's a detailed breakdown:---Chart Details and Analysis1. Asset & Timeframe:Asset: Bitcoin (BTC) / Tether (USDT)Exchange: BinanceTimeframe: 30-minute candles2. Current Price:Price at snapshot: ~108,420.51 USDTThe price is shown moving upwards toward a resistance area.3. Key Zones:Resistance Zone (Top Yellow Box): ~108,900 – 108,950 USDTMinor Resistance Zone (Middle Yellow Box): ~108,400 – 108,500 USDTSupport Zone (Bottom Yellow Box): ~106,900 – 107,000 USDT4. Trading Setup (Illustrated by Blue Arrows):A short (sell) position is being suggested:Entry: Around 108,420.51 USDTStop-loss: ~108,902.64 – 108,953.21 USDTTake-profit: ~106,930.77 USDTThe setup aims to capitalize on a reversal from the resistance zone, expecting the price to reject and drop toward the previous support.5. Risk-Reward Visualization:Red Box: Represents the stop-loss zone (risk)Green Box: Represents the take-profit zone (reward)This indicates a favorable risk-to-reward ratio, assuming price respects resistance.6. Market Sentiment:The price has recently surged with strong green candles and volume.The chart suggests potential exhaustion or resistance at current levels.7. Additional Indicators:News/Economic Event Marker (Purple Icon): Indicates a possible upcoming event which could add volatility.Volume: Noticeable increase in buying volume during the upward move, which may suggest momentum, but also a potential blow-off if rejected.---Conclusion:The chart anticipates a short-term bearish reversal from the 108,400–108,900 resistance area down to the 106,900 support zone. The trade setup is based on price action and zone rejection. It's a technical sell setup, likely based on supply zones and momentum exhaustion.Would you like help evaluating the risk/reward further, or how this setup aligns with broader Bitcoin market trends or news?