Technical analysis by MR_CHARLES440 about Symbol BTC: Sell recommendation (7/28/2025)

📉 BTCUSD – 2H Chart Outlook Timeframe: 2H (2-Hour) Current Price: ~$118,929 Bias: Bearish Rejection Expected --- 🔍 Key Technical Zones: 🔺 Resistance Zone: 📍 ~121,000 – 123,500 Price has repeatedly failed to break above this area. Acts as a strong supply zone where sellers step in. Price recently reversed just below this zone. --- 🟥 Support Zones: Support Zone 1: 📍 ~116,000 – 117,000 May act as temporary support on the way down. Possible bounce area, but not a major barrier. Support Zone 2 (Main Target Area): 📍 ~113,500 – 114,500 A broader, more significant demand zone. Price could drop here if Support Zone 1 fails. --- 📈 Projection: A bearish leg down is drawn, showing: 1. Rejection below resistance. 2. Break below Support Zone 1. 3. Continuation to Support Zone 2 as final target. Estimated downside move: ~6,129 points (-5.13%) --- ✅ Summary: Setup Type: Bearish rejection and continuation. Price Action: Sideways range under resistance — now leaning bearish. Trade Bias: Short bias toward Support Zone 2 (~113.5K – 114.5K). Invalidation: A strong breakout above 123.5K resistance. --- Would you like a trading plan (entry, SL, TP) or a caption/title for a TradingView post based on this setup?