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

:📊 BTC/USDT – Technical Outlook🗓️ Published: June 21, 2025 | 🕰 Timeframe: H4🔻 Market Sentiment: BearishThe BTC/USDT pair is currently exhibiting strong bearish momentum after a failed breakout above the 106,000 resistance level. The price has sharply declined and is now trading around 103,485 USDT, confirming a breakdown from the consolidation phase.🔍 Key Technical Highlights:Ichimoku Cloud Analysis:Price is trading below the Kumo, indicating a bearish trend continuation.The future cloud is thick and red, reinforcing downside pressure.The Chikou Span (lagging line) supports the bearish outlook.Structure & Volume:Market structure has shifted to lower highs and lower lows.A visible volume gap exists between 103,000 and 101,000 – suggesting price could drop quickly into the next demand zone.Support & Target Zone:Strong demand zone identified between 100,000 – 101,000 USDT.This area previously acted as a high-volume accumulation zone.Projection Path:Based on price action and market momentum, a continued move toward the 100K psychological support is likely.🧠 Professional Insight:"The breakdown below the cloud and recent support level confirms seller dominance. As BTC loses strength below 104K, we anticipate a potential drive toward the 100K demand area, where buyers may re-enter."📌 Strategic Trade Setup (Not financial advice):Short Entry: Below 103,200Target: 100,000 – 101,000Stop Loss: Above 104,900 (just above the cloud)Risk/Reward: Optimal 1:2+