Technical analysis by ProSignalai about Symbol BTC: Sell recommendation (7/16/2025)

BTCUSD 1H Technical Analysis ⚙️ Scenario Outlook: Bias: Bearish Preferred Play: Wait for price to enter the 119,000–120,000 supply zone. If price shows signs of exhaustion or bearish confirmation (e.g. bearish engulfing, strong rejection), a short position becomes favorable. Targets: First target at 117,200; final target near 115,600–115,000 range, depending on how price behaves within the intermediate demand. 🔼 Supply Zone (Resistance): Zone: 119,000–120,000 This red zone marks a previously unmitigated supply area aligned with the 50% Fibonacci retracement level from the prior bearish impulse. It's expected to act as the final resistance before the next move lower. A rejection from here would confirm bearish intent and offer optimal risk-to-reward for short setups. 🔽 Demand Zones (Support Targets): First Demand Zone: 117,200–117,600 This green border is your first liquidity pocket to watch. It may offer a brief reaction or bounce, but if bearish momentum holds, price is likely to continue through it. Deeper Demand Zone: 115,600–116,200 This is the stronger accumulation area, marked by your lower green zone. It sits just above the previous CHoCH and BOS lows, making it a prime liquidity sweep and reversal candidate if price moves deeply into it.