Technical analysis by MUNASAR5456 about Symbol BTC: Sell recommendation (6/29/2025)

Date: June 29, 2025Timeframe: Daily (1D)🔹 Market Structure*Double Rounded Top formation visible, signaling potential exhaustion.*Clean horizontal support zones marked around $101,000 and $92,000.*Price reacting around neckline zone (~$106,000), forming potential lower high.🔹 Key LevelsResistance: $114,000 – $116,000Major Support Zone: $101,000 → $92,000🔹 Bullish ScenarioPrice holds above $106,000 neckline and reclaims trendline resistance.Clean breakout above $114,000 could resume bullish continuation to new highs.🔹 Bearish ScenarioBreakdown below $106,000 neckline could trigger momentum toward $101,000 and $92,000 zones.🔹 Bias SummaryNeutral-Bearish short-term bias.Bulls need to reclaim $114K to invalidate breakdown risk.Bears in control below neckline; watch $106K–$101K for reaction.