Technical analysis by NakamotoZzzz about Symbol BTC: Sell recommendation (6/23/2025)

The BTCUSDT perpetual chart displays a bearish setup following a false breakout or weak retest of a descending wedge structure. After a strong bounce from the recent low, price surged but is now showing rejection at the $101,500 resistance level, marked by a key horizontal zone.This area coincides with:- The upper boundary of the falling wedge pattern.- A former support zone now acting as resistance.- A red candle signaling exhaustion from buyers.A short position is initiated with:- Entry: ~$101,500- Stop Loss: ~$103,271- Take Profit: ~$95,400- Risk:Reward Ratio: ~1:3+Unless price reclaims and holds above $103,271, this setup suggests a short-term bearish reversal is likely to unfold.