Technical analysis by MrStellanSight about Symbol BTC: Sell recommendation (13 hour ago)

Chart Analysis The market structure shows a descending channel, indicating that the broader trend remains bearish despite short-term rallies. Each time the price has reached the upper boundary of this channel (red arrows), it has been rejected, leading to significant declines. Price has now climbed back toward the resistance zone between 104K–105K, where selling pressure is expected to reappear. 📉 Trading Signal SELL Setup Entry Zone: 104,000 – 104,800 (Resistance Area) Stop Loss: Above 105,500 Take Profit Target: 99,185 This setup anticipates a downward correction from the upper channel resistance back to the previous target zone near 99,200. 📈 Market Sentiment Bias: 🔻 Bearish short-term — sellers are likely to regain control near the resistance. Invalidation: A confirmed breakout above 105,500 would cancel the bearish scenario and shift focus to higher highs. 🕵️ Analyst’s Note Wait for a bearish confirmation (e.g., rejection candle or momentum loss near 104K–105K) before executing the sell. The zone remains a high-probability reversal area. TOSHIWETH_CEFB04.USD BSWAPWETH_E80B4F.USD SKIBONKSKI_CC3E93.USD BSXWETH_7FEA03.USD AIWETH_A081BC.USD AK1111USDC_7F85E0.USD BIFWETH_6B8E50.USD DOGWETH_3A65F4.USD SEEDWETH_AA6A81.USD SBGWETH_17534F.USD