Technical analysis by FrankFx14 about Symbol BTC: Sell recommendation (6/17/2025)

Bitcoin has recently faced strong resistance at the $108,874 zone, a high-volume supply area identified by the LuxAlgo Visible Range. Price was rejected sharply, and now BTC is trading at $104,746 after a -1.32% move down.---🔍 Technical Breakdown:🟥 Supply Zone:$106,800 – $108,800Price has tested this area multiple times but failed to break above it.🟦 Key Support Zones to Watch:1. $94,334: Mid-level support; if broken, it confirms bearish strength.2. $77,957 – $80,000: Strong demand zone; potential reversal or consolidation area.📉 Bearish Signals:Lower highs forming after rejection at resistance.Red arrows indicate potential drop targets.Volume fading on recent rallies – suggesting weakening bullish momentum.---🎯 Potential Trading Plan:🔻 Short Setup:Entry: $104,500 – $105,000 (below current structure)TP1: $94,300TP2: $80,000SL: $106,800 (above resistance zone)🟠 Long Setup (if price reaches demand):Entry: $78,000 – $80,000SL: $76,000TP: $94,000 / $100,000---⚡News Catalyst:⚠️ Major U.S. and global economic events expected soon. Be ready for volatility spikes (icons indicate calendar impact).---📊 What I'm Watching:Volume divergencePrice reaction to $94k levelFed announcements and macro impact on crypto---💬 Do you think BTC will bounce from $94k or head to $80k?Comment below your trade setup 👇---🔖 Hashtags for Reach:#BTCUSD #BitcoinAnalysis #CryptoTrading #SupplyAndDemand #LuxAlgo #BTCShort #PriceAction #BitcoinCrash #CryptoTA #BTCTradeSetup #tradingviewcommunity---