Technical analysis by SiDec about Symbol BTC: Sell recommendation (6/22/2025)

Bitcoin has been locked in a range for the past 45 days, clinging above the critical psychological support at $100K. But cracks are starting to show… Every bounce from the key level at $102,430 has been weakening — and now, for the first time, we’re breaking cleanly below it. Things are starting to tilt bearish. So the question is… ⛏️ Will 100K be tested next? 🔍 Key Support Zone: $97.7K–$96.9K Using the Fibonacci retracement from the swing low at $74.5K to the recent ATH, the 0.382 retracement lands at $97,655 — just below the $100K mark. But there’s more… Here’s why the zone between $97.7K and $96.9K is crucial: 0.382 Fibonacci retracement: A common pullback level in strong uptrends. Anchored VWAP from $74.5K: Currently sitting around $96.9K, tracking cumulative volume-weighted average price — a key level. Daily Order Block: Sits right at $96,887, aligning with the VWAP and reinforcing the area as demand-rich. 1.272 Fibonacci extension: From the previous move — providing another layer of confluence. Fair Value Gap (FVG): The imbalance lies right in this zone. Price often fills these before continuing trend. All of this stacks up to a high-probability long setup. 🕵️‍♂️ What to Do Now? Set alerts at $100K and watch for a reaction. If price slices through, shift focus to the 0.382 Fib — monitor price action closely for signs of a reversal. The first clean test of this zone could present a solid long — but as usual don’t trade blindly. Wait for confirmation. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.🚨 Bitcoin Market Update – June 23, 2025 BTC retested the key level at $102429.56 and got rejected — providing a clean, low-risk short opportunity. Price dropped swiftly back to the golden ratio (0.666 Fib), which aligned with the FVG (Fair Value Gap) and the psychological $100K support → a confluence zone. BTC reacted sharply from the support zone with increasing volume, showing bullish interest. Now, following the bounce, BTC once again retested the key level a level we've been watching closely. We saw a Swing Failure Pattern (SFP) here, where price swept above the previous high and immediately reversed offering a clean short opportunity. ⏳ Eyes on this level for potential rejection or reclaim.