Technical analysis by FX_Jhon about Symbol BTC: Sell recommendation (6/21/2025)

The chart you've shared shows a technical analysis setup for **BTC/USD** on the 4-hour timeframe. Here's a breakdown of the key elements:---### **Chart Summary:*** **Current Price (at time of chart):** 103,669 USD* **Entry Line:** 103,700 USD (potential short/sell entry)* **Stop Loss:** 108,900 USD* **Target 1:** 99,900 USD* **Target 2:** 93,600 USD---### **Analysis Interpretation:**This appears to be a **bearish setup**, assuming a breakdown from the highlighted consolidation range:* **Price Action:** * BTC has been ranging between approximately 99,900 and 108,900. * A **break below the consolidation zone** around 103,700 is seen as a bearish signal.* **Trade Plan (Short):** * **Entry:** Near 103,700 after confirmation of breakdown. * **Target 1:** 99,900 — conservative target at the first support level. * **Target 2:** 93,600 — aggressive target near previous support from early May. * **Stop Loss:** 108,900 — just above the range high to limit risk.---### **Additional Observations:*** The **yellow background** and highlighted zone make the consolidation area and targets very clear.* The label says "**BTC/USD CONFRIM ANALYSIS**" — likely meant to be "CONFIRM ANALYSIS".* The arrow movement suggests expectation of a retest and then a further drop if support doesn't hold.---### **Caution:**This setup assumes a bearish scenario. If BTC breaks **above** the 108,900 resistance instead, it would invalidate this setup. Always wait for confirmation (e.g., candle close below support) and consider broader market sentiment and volume.Would you like help updating this chart or backtesting this trade idea?