Technical analysis by The_Alchemist_Trader_ about Symbol BTC: Sell recommendation (7/10/2025)

Bitcoin is currently trading at a critical resistance level — the previous all-time high — which also marks the upper boundary of its multi-month high time frame range. While many are watching for a breakout, price action suggests that a continuation of range-bound behavior is still the more likely scenario. Without decisive volume or structural confirmation above this resistance, BTC may be gearing up for another rotation toward lower support.Key Technical Points:- Key Resistance at ATH: Bitcoin is retesting its prior all-time high, which is the current range high- Volume Remains Weak: Lack of breakout volume signals indecision and caution- Liquidity Now Resting Below: Upside liquidity has been cleared; downside offers more incentive for market makersBitcoin’s price has once again returned to the range high, aligned with its previous all-time high — a level that has consistently capped price over recent months. This area has acted as a significant inflection point where momentum has historically slowed, and price has failed to push through with conviction.Currently, price action is showing signs of stalling, and importantly, there has been no influx of volume to suggest a true breakout is underway. When volume fails to accompany a test of resistance, it often signals weakening demand or exhaustion from buyers — increasing the risk of a false breakout or rejection.Additionally, the upside liquidity has already been taken, meaning there’s now less incentive for large players to push price higher in the immediate short term. In contrast, resting liquidity lies beneath current levels, offering greater appeal for a downward move — particularly for market makers seeking efficiency and liquidity capture.From a technical perspective, Bitcoin remains range-bound until a decisive breakout above the highs occurs with supporting volume and strong candle closures. As of now, this has not happened, keeping the likelihood of a rotation lower well on the table. Should price begin to trade down, watch for a move toward the mid-range or even the lower boundary of the range, depending on how momentum unfolds.Unless Bitcoin breaks above its all-time high resistance with strong volume, expect the range structure to hold. A lack of bullish follow-through may lead to a rotation toward lower support levels.