Technical analysis by SMC-Trading-Point about Symbol BTC: Sell recommendation (11/8/2025)

SMC Trading point update Technical analysis of BTC/USDT (4-hour timeframe). Here's the idea breakdown: --- 1. Overall Structure The price is moving within a descending channel, suggesting a broader downtrend. The two black trendlines show clear lower highs and lower lows forming. --- 2. Key Zones & Indicators Blue Zone (104,000–106,000 region): This is a major supply/resistance zone where price has repeatedly rejected. The two red arrows mark failed attempts to break above it — confirming strong bearish pressure. EMA 50 (blue line) and EMA 200 (black line): Price is trading below both EMAs, confirming bearish market structure. The 50 EMA is below the 200 EMA, indicating a bearish crossover (momentum continuation signal). --- 3. Expected Move After the recent rejection from the supply zone, the chart projects a bearish continuation: A possible small pullback or consolidation. Then a drop toward the target area near $90,099, which aligns with the lower boundary of the channel (major support). --- 4. Target Target Point: Around $90,100, which could be the next liquidity zone or potential demand area. --- 5. Summary Trend: Bearish Structure: Lower highs & lower lows (descending channel) Bias: Continuation to the downside Confirmation: Rejection from supply + EMA resistance alignment Target: $90,100 Mr SMC Trading point --- Trading Idea Summary: “BTC is maintaining a bearish structure under EMA resistance and rejecting the 104–106K supply zone. Unless price reclaims that level, continuation toward 90K support remains the high-probability scenario.” Please support boost 🚀 this analysis