Technical analysis by King_BennyBag about Symbol BTC: Sell recommendation (13 hour ago)

🧠 High Time Frame ContextTrend: Consolidation within a broad range (support and resistance clearly defined).Key Psychological Levels:105,000 USDT – minor level, acting as a magnet in short-term PA.110,000 USDT – major supply confluence and liquidity target.🟪 Supply & Resistance ZoneZone: Marked in purple (108.5k-112k).Key Observation:Swing high formed inside this zone, indicating liquidity trap.Potential fake-out or strong rejection from this area.Strong confluence with a descending resistance trendline, adding to the selling pressure.🔵 Fair Value Gap (FVG) & Retracement TargetsFVG identified just below the current price (~103.5k-104.5k).Price is projected to:Reject from the current high.Drop to fill the FVG zone.Possibly bounce between FVG and Fibonacci retracement levels:0.50.618 0.786🔴 Volume & RSI DivergenceVolume breakout is noted on the last push down (bottom red annotation), followed by a retrace.OBV shows bullish divergence with price:🔻 Support StructureLower red trendline is a key long-term support.Previous swing low aligns with this trendline – buyers showed strong interest here.If FVG fails to hold, expect a retest of this trendline near 97,000–98,000.📈 Likely ScenariosBase Case (Neutral-Bearish):Price rejects current zone (~107,000).Pullback into FVG (101–104K).Bounce to 105K (minor resistance), then decide next direction.Bullish Breakout:If price breaks and closes above 110K, it invalidates supply zone.Opens door to 115–118K range.Bearish Breakdown:Fails FVG zone.Tests previous swing low and support (~97K).Below that, structure becomes macro bearish.🧩 SummaryShort-Term: Retracement into FVG likely. Monitor reaction.Medium-Term: Bearish bias while price is below 110K.Invalidation for bears: Clean break and hold above 110K.