Technical analysis by TPS_ACADEMY_EDUCATOR about Symbol BTC: Sell recommendation (11/6/2025)

Bitcoin continues to trade within a bearish structure on the hourly frame after a strong rejection from the supply area between 112,000 – 115,000, which represented the end of the last bullish wave. Structural analysis shows a breakout sequential structure (BoS) with frequent trend changes (CHoCH) in the sell direction, clearly indicating bear control. Currently, the price is moving below a falling trend line since the end of October, and is currently testing a retracement level around 101,500 – 102,000. 🔹Possible scenarios: 🔻 Bearish scenario (likely): If the price fails to break the downtrend line or supply area 102,500 – 104,000, the decline is expected to resume towards: ➡️ 98,000 – 97,000 as a nearby demand area, Then 94,500 – 92,000 if it is broken to expand the downside range. 🔹 The bullish (alternative) scenario: If the price breaches the 104,500 level with a clear close, the correction could extend towards 107,000 - 108,500 before any possible return to the downside from the upper liquidity areas. 💼 Trading opportunities: Sell from retest supply area: 🔸 Entry: 102,500 – 104,000 🎯 Goals: 98,000 – 94,500 🛑 Stop loss: above 105,000 Corrective buying (short term): 🔹 Entry: 98,000 – 97,000 🎯 Goal: 103,000 🛑 Stop loss: below 96,500 🧭 General trend: The general trend is still bearish in the short and medium term, especially after the price failed to maintain the upper liquidity areas and confirmed the weakness of buyers upon each retest. 💡 Tip from TPS Academy: Watch the price behavior at 102,000 – it is a separating area between the resumption of the correction or the continuation of the selling wave. 🏷️ #Bitcoin #BTCUSDT #SmartMoney #PriceAction #TechnicalAnalysis #MarketStructure #TradingView #Crypto ✳️ Smart Money Concepts style structural analysis – provided by TPS Academy