Technical analysis by invest_with_hazel about Symbol BTC: Sell recommendation (8 hour ago)

Bitcoin (BTC/USD) – Possible Short-Term Reversal ZoneTimeframe: 4H | Exchange: Bitstamp📍 Current Price: 107,561📌 Resistance Zone: Strong resistance is observed near 107,500 – 107,800. Price is currently testing this zone after a strong bullish move.📉 Trade Idea:If price fails to break above this resistance with strong volume, a potential bearish correction may follow. This move could offer a short-term opportunity for price retracement toward lower support levels.🎯 Target Levels:Take Profit 1: 103,494Take Profit 2: 99,768🛡️ Invalidation (Stop Loss): Above 110,060 (in case of breakout continuation)📊 Market Structure Note:This idea is based on key levels, price action behavior, and previous supply zones visible on the 4H timeframe. A clean rejection from this resistance zone may confirm the move.