Technical analysis by TheAlphaView about Symbol BTC: Sell recommendation (7/17/2025)

Upper Wick Rejection Candle 🔶 (Orange Circle) 🔍 Candle Breakdown | July 14, 2025 • Opened near the lows • Rallied intraday to $123K (ATH) • Closed well off the highs, just above $119K • Long upper wick = rejection of higher prices • Elevated volume = signal is valid, not noise 🧠 Translation: Bulls charged into resistance. Sellers didn’t flinch — absorbed the move and slammed price back down. The result? “Exhaustion Candle.” 📦 Exhaustion Zone (Purple Box) This is the real battlefield. If BTC fails to close above 119.5K by Friday, we likely get Manipulation over the weAkend: 🔄 Chop & Range Behavior • Consolidation between ~115K support and ~120K resistance • Classic pause before either expansion or collapse 🔻 Retrace Scenarios • 21 EMA at $113K • Breakout retest near $111K 💡 If we close the weAk closer to $111K than $125K… gravity’s working in favor of the HIGH powered short Zone again! MMM still sTRONg — but without a decisive breakout above $125K, I might just be dancing with the market makers for once. 🧘‍♂️ Breathe in. Kill the ego. sTAY sHARP. Execute. 100% not financial advice, for edutainment purposes only!🔻 BTC Exhaustion Zone Update 📉 Bias: Leaning Bearish — unless BTC reclaims $118.8K+ 🎯 Support: $117.2K 🚨 Break below = continuation to $115.5K → $113.7K 🤓 Unbiased Take • Macro trend = bullish, but short-term momentum is fading • BTC is compressing across timeframes — coiling for a volatile breakout •🐂 MUST defend $117K or the bears get the steering wheel ✅ Bullish Case • Wait for a strong close w/ volume reclaiming $118.8K • Targets: $119.5K, then $120.5K • Above that, we retest ATH ✅ Bearish Case • Look to short failed bounces under $118.3K • Breakdown confirmed w/ close below $117.1K • Targeting the flush: $115.5K → $113.7K 🕰 Today’s Close: $118,014 😅Closer to $125K than $111K, sure — but momentum is leaking. ⚠️ If we drop back below the exhaustion zone, next stop is $115K. And if that cracks? The High Power Short Zone stays alive... and the gravitational pull gets heavier. 📉 Better to take the air-conditioned elevator down late than jump out the window with the bears. Stay Sharp! Compression breeds chaos. Stay Safe! The 🐋R hUNTING! 100% not financial advice, for edutainment purposes only!🔄 BTC Update: Compression Getting Critical ⏳ 4H Swing Analysis • BTC has now headbutted $118.4K–$118.5K resistance multiple times — and each time, it walked away dizzy. • We’re hovering above $117.3K support, but the floor’s creaking. • Sideways chop = classic bearish distribution under resistance. • RSI: 45.56 → Weak side of neutral. 🟥 Bias: Bearish while below $118.2K 📉 Close below $117.2K = breakdown confirmed 📈 Reclaim of $118.5K? Lights the short squeeze fuse ________________________________________ 🗓 Daily Chart Structure Check • Still stuck in the “Exhaustion Zone” — that awkward in-between place where bulls get tired and bears wake up. • Price is quietly creeping toward the Swing Low (D) — and that’s no 🐂. • RSI: 63 — not dead, but starting to roll over like it needs a nap. • Volume fading = typical pre-breakout/pre-breakdown behavior. 🟡 Bias: Macro trend remains bullish… but short-term structure is starting to wobble. 🔔 Daily close below $117.2K = High Powered Short Zone is ALIVE 🔺 Daily reclaim of $118.8K = Bears get booted ________________________________________ ⚠️ If BTC breaks down this week, the trap door opens: 📉 Likely drop zone = $111K → $109K The tape is coiled, and this spring doesn’t wind forever. One direction's about to snap. Choose your side wisely. Stay Sharp. Execute the Plan! 100% not financial advice, for edutainment purposes only!Trade was not closed: target not reached... Yet