Technical analysis by traderchamp_ about Symbol BTC: Sell recommendation (6/22/2025)

Bitcoin (BTC/USDT) – Breakdown from Double Top Confirms Bearish Trend ContinuationThe 4-hour chart of BTC/USDT (Binance Perpetual Contracts) presents a textbook double top formation followed by a confirmed breakdown below structural support levels. The bearish trend has already met its first target, and technicals suggest the move could extend lower toward the key demand zone around $96,000.🔍 Key Technical Highlights:Double Top Pattern: Clear double top structure formed between $109,000–$110,000, followed by a strong rejection.Support Break: Price broke down below key support at ~$105,000, triggering a sell-off and validating the bearish reversal.Bearish Retest: After the breakdown, price retested the broken trendline (highlighted with a red zone) and failed to reclaim the range.First Target Hit: Price achieved the first projected support zone at around $101,000.Next Target: Based on measured move projection and previous structure, the next downside target lies near the $96,000 mark.📉 Outlook:The structure remains bearish as long as BTC trades below the broken support-turned-resistance zone (~$105,000). Momentum favors continued downside toward the next key zone unless a significant bullish reversal signal emerges.