Technical analysis by SupertradeOfficial about Symbol BTC: Sell recommendation (6/2/2025)

🔵 Entry Point (Sell Limit / Market Entry)•Around $104,600 – $104,700This area aligns with the retest of the descending trend line and a weak resistance zone. Price is reacting negatively after hitting this level.🟥 Stop Loss•$107,060Placed just above the weak resistance. This protects the trade in case price breaks structure and invalidates the bearish setup.🟩 Take Profit Targets1.TP1: $101,818 (Support 1)oFirst major support zone; price has bounced here previously.2.TP2: $98,020 (Support 2)oDeeper support and more aggressive target. Aligned with previous wick lows.🔺 Chart Observations•Trend Line: Still intact and respected. Price rejected it on the latest retest.•Structure: Lower highs and lower lows show bearish momentum.•Volume/Volatility: Tapering candles around resistance indicate weakening bullish attempts.•Risk-to-RewardoTP1 R:R ≈ 1.3:1oTP2 R:R ≈ 2.5:1+⚠️ Scalper NoteIf you’re trading this as a scalp, consider securing partial profits at TP1 and moving SL to breakeven to protect gains. Volatility around macro events or news (like the red event icons near June 3–5) could trigger wicks.Would you like me to add RSI, MACD, or EMA confluence to strengthen the setup further?