Technical analysis by MyTradingJournal6th about Symbol BTC: Sell recommendation (7/4/2025)

Price Action:BTC rejected from Fib 0.5–0.618 zone (110.2K–111.5K), aligning with rising channel resistance.Failed breakout attempt above local highs (~109.6K) → price sharply reversed.Clean breakdown from rising wedge/channel support (blue) and EMA cluster.Support/Resistance:Immediate support at 107.5K (red horizontal) now under pressure.Next key support: 106.6K zone (channel lower bound, Fib cluster, previous demand).Resistance remains strong at 109.8K–110.2K (gray zone + trendline).Indicators:Volume spike during recent breakdown = bearish confirmationMultiple consecutive sell signals after EMA flattening = momentum shiftMinor bounce attempts got rejected at descending EMA stack🎯 Quick Take:Bias: Bearish below 108.2KScalp short active while price is under red horizontal + EMAsWatch for bounce attempt near 106.6K–106.3KInvalidation: Clean reclaim of 108.6K + bullish volume