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

🔍 Structure & Price ActionBTC is trading within a rising wedge (blue lines) nearing apex — typical bearish setup.Price is repeatedly getting rejected near macro trendline (~108.8K–109K).30-min shows clean breakdown from lower wedge support, retesting the zone now.On 4H, BTC is still under key resistance zone between 109.6K–110.4K, previously rejected twice.🔻 Bearish SignalsMultiple Sell signals on both timeframes.Bearish divergence visible in RSI and MACD on 4H.Volume spike on the breakdown → confirming sellers in control.🔑 Key LevelsSupport: 107.7K (current zone) → loss opens path to 106.6K, then 104.4K.Resistance: 108.9K–109.4K = confluence of EMA cluster + macro TL + Fib zone.📊 Indicators (4H)RSI dropping from mid-zone (~48), no bullish momentumDMI shows increasing ADX with -DI over +DI → trend strengthening bearishTSI & Wave Trend both curling downStochastic in overbought, starting to reverse🎯 SummaryBias: Bearish below 108.6KInvalidation: Bullish breakout above 109.6K + volume closeSetup: Watch for retest and rejection at ~108.4K–108.6K = clean short triggerNext Targets: 107.2K → 106.6K → 104.5K