Technical analysis by limitissky77 about Symbol BTC: Sell recommendation (6/15/2025)

Support & Resistance Levels:R1: ~106,300R2: ~109,000R3: ~111,600S1: ~102,800S2: ~100,000Bearish RSI DivergencePrice made higher highs earlier (around June 10-11).RSI made lower highs, indicating bearish divergence.Price ActionBTC bounced back from below S1 (~102,800) and is now hovering around R1 (~106,300).If it breaks and sustains above R1, we could see a move toward R2 (109k).However, failure at R1 can lead to a pullback to S1 or S2 levels.Strategy Suggestions:📌 If Bullish:Wait for a clean breakout above R1 (~106,300) with volume.Potential targets: R2 (109k) and R3 (111.6k).📌 If Bearish:If price fails to hold R1 and rejects, consider short opportunities.Targets would be: S1 (102.8k) and S2 (100k).Keep an eye on RSI — if it forms another divergence or crosses down the MA, bearish bias increases.⚠️ Risk Factors:BTC is still within a consolidation range between R1 and S1.No clear breakout yet; be cautious with position sizing.Watch for macroeconomic news/events, as they can spike volatility.