Technical analysis by Wolftrader1337 about Symbol BTC: Sell recommendation (7/6/2025)

BTCUSD 1. **Current Price Zone (\~108,000):** * Price is consolidating just under a supply zone (red rectangle), showing potential rejection from the upside. * The price briefly pushed above the rising trendline but failed to hold it. 2. **Bearish Structure Forming:** * Price action suggests a **lower high** and potential **head-and-shoulders** pattern. * Red squiggle indicates a likely **short-term bearish movement** — a drop to the **demand zone** around **105,700–106,900**. 3. **Demand Zone/Order Block:** * Marked below near **105,741** with label **"Order"**, showing where potential buy orders may sit. * This is the first major area where price might find support. 4. **Downside Levels:** * **106,933** and **105,741**: Potential short-term supports. * **98,332 (Weekly level)**: If the structure breaks fully, price could revisit this major demand zone. 5. **Upside Resistance:** * **Red supply zone above 109,000** acts as strong resistance — if BTC breaks that with volume, bullish bias resumes. --- ### 📉 **Short-Term Bias:** * **Bearish** unless BTC breaks and holds above **109,000**. * Expecting a pullback toward **106.9k** or **105.7k**, which may offer **buy-the-dip** opportunities. Disclaimer : Not Financial Advice