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

Support & Resistance Levels: R1: ~106,300 R2: ~109,000 R3: ~111,600 S1: ~102,800 S2: ~100,000 Bearish RSI Divergence Price made higher highs earlier (around June 10-11). RSI made lower highs, indicating bearish divergence. Price Action BTC 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.